News

financial advice, Financial Planning, SMSF, SMSFA, Technology

SMSF adviser AI take-up fairly low

Recent analysis with regard to the practice of SMSF advisers has shown the majority are not yet using AI to service clients.

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Compliance, LRBA, SMSF, Trusts

Avoid LRBA structure short cuts

A bare trust should be the first and only option in which to house an LRBA-purchased asset as lenders and lawyers will reject other structures.

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Compliance, financial advice, Financial Planning, Legislation, Regulation

Call to reform AFSL regime

The FSC has called for reform of the Australian financial services licensing system, which has not been changed in nearly 25 years.

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ASIC, Compliance, fraud, Investments, Legislation

Mayfair investors slam ASIC

A group of individuals invested in the financial products of the Mayfair 101 Group has strongly criticised ASIC’s actions against the fund manager.

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Death benefits, Estate Planning, Legislation, Regulation

Death benefit payment timeframe gone

The ATO’s guidance suggesting a timeframe of six months is the definition of ‘as soon as practicable’ for death benefit payments has been removed.

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Compliance, Pensions, Regulation, SMSF, Superannuation

Failed pensions need minimums paid

Pensions linked to the breach of the payment standards cannot be commuted and restarted before this contravention has been rectified.

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Accounting, Legislation, SMSF, SMSFA

Early AML/CTF preparation urged

SMSF Association members have been encouraged to start preparing for anti-money laundering regime changes that will now capture accountants.

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ASIC, financial advice, Financial Planning, Investments, Regulation, SMSF, Superannuation

More Shield-linked advisers banned

Two more advisers linked to the Shield Master Fund have been issued with bans from ASIC.

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financial advice, Financial Planning, SMSF, Superannuation

IFPA appoints new chief executive

Ky Wilson has been announced as Institute of Financial Professionals Australia chief executive after several years of service with the organisation.

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AFCA, Compliance

Noticeable rise in SMSF complaints

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, complaints, Australian Financial Complaints Authority, AFCA, conflicted advice, inappropriate use, client’s best interest, Compensation Scheme of Last Resort, United Global Capital, Shield Master Fund, First Guardian Master Fund, Brite Advisors

Cases involving SMSFs registered with the Australian Financial Complaints Authority jumped by 95 per cent in the 2025 financial year.

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