Three significant bodies operating in the SMSF space have issued a warning to accountants wanting to provide advice under a limited Australian financial services licence (AFSL) in the new Future of Financial Advice (FOFA) environment to start the process immediately.

Specialist SMSF administration service provider Superfund Wholesale has announced it is ultimately aiming to service 10,000 self-managed funds.

SMSF investors were showing continued interest and support in listed investment companies (LIC) as the structure became more popular, according to one of the largest LICs in Australia.

A majority of financial planners favoured separately managed accounts (SMA) for their SMSF clients over direct equities and managed funds, according to a new white paper by private wealth management firm JBWere.

An SMSF Association social media forum has revealed practitioners remain frustrated over the amount of time it takes the ATO to provide SMSFs with an Australian business number (ABN).

Advisers preferred to use life interest trusts over traditional life estate structures as they were free of several complexities.

The need to have a written investment strategy within an SMSF has been emphasised by the volatility of worldwide equity markets over the past week, according to the SMSF Association.

BMR Corporate Solutions has launched an online document system that cuts SMSF registration time down to 15 minutes.

Accountable Financial Group (AFG) has signed OneVue as its digital platform provider, which will help deliver investment and superannuation product solutions tailored to its scalable advice solutions for accountants in practice.