Heffron has launched its new offering for accountants, the SMSF Administration Outsource Service, to help them deliver better value to their SMSF clients but also retain control of their relationships.

Recent SMSF research performed by Macquarie and the SMSF Professionals’ Association of Australia has shown individuals intending to set up this type of super fund are often concerned about their own financial worries.

Many SMSFs holding collectables or personal assets may be in breach of the Superannuation Industry (Supervision) (SIS) Act 1993 due to inadequate insurance cover, according to an industry insurance specialist.

Specialist accounting software provider BGL has closed beta on its Simple Fund 360 application and began releasing the new facility to a limited number of its existing clients at the start of August.

SMSF trustees continue to hold overweight positions in cash due to a lack of knowledge or guidance in relation to other asset classes.

Specialist unified managed account (UMA) provider OneVue has enhanced its service offering for SMSFs.

The Small Independent Superannuation Funds Association (SISFA) believes the federal government’s proposed five-year freeze on superannuation changes is irresponsible.

Changes to the duties laws in Queensland are set to benefit SMSFs using strategies that include limited recourse borrowing arrangements (LRBA).

The use of a major bank as the lending institution for a limited recourse borrowing arrangement (LRBA) is no guarantee everything will be trouble free with the strategy, according to a specialist auditor servicing the space.