An expert in the SMSF sector has suggested the government should make it possible for trustees to refund inadvertent breaches of the non-concessional contributions cap in the same way they can with concessional cap breaches to make for a more streamlined compliance regime.

The challenge of ensuring sustainable retirement income has become more top of mind for SMSF advisers and trustees amid greater acknowledgement of sequencing risk and client goals, a finance academic has said.

Count Financial has formed a partnership with the SMSF Professionals’ Association of Australia (SPAA) to provide Count-funded rebates for SPAA education and training for the dealer group’s members.

SMSF trustees wanting to hold risk cover, such as total and permanent disablement (TPD) insurance, containing own-occupation definitions need to act now before new rules governing the sector come into effect on 1 July, according to a specialist legal practitioner.

The scale of SMSF businesses will be a key catalyst as to whether their accountants and advisers choose to run annual or daily administration services or both.

The new reporting requirements for unallocated concessional contributions received by an SMSF in June will increase the amount of administration required for individuals looking to manage their own retirement savings, according to Heffron SMSF Solutions.

AMP SMSF Administration managing director Andrew Hamilton is set to leave the financial services organisation in July.

The new indexed contributions levels recently announced by the Australian Taxation Office (ATO) will better facilitate in-specie transfers of commercial property into an SMSF for the 2015 financial year, according to Gadens Lawyers.

SMSF trustees’ portfolio allocations to international equities have increased recently, but still remain low in comparison to their investments in other asset classes, according to Insync Fund Managers.