Australian asset managers will continue to be attracted to the SMSF industry, but in order to compete successfully, they must ensure they can meet the market’s desire for low-cost tailored offerings, according to State Street.

SMSF investments in overseas shares and non-residential property will occur gradually as funds consider more sensible and suitable places to hold their assets, according to an analysis of Australian Taxation Office (ATO) data.

Specialist SMSF administration software provider Class Super has added an audit application to its offering.

The registration process has resulted in the number of SMSF auditors dropping significantly, but sector experts participating in a recent industry roundtable admitted they were anticipating a further reduction in the size of that group of professionals.

The Australian Taxation Office (ATO) has launched a mobile phone application to provide SMSF trustees with information to help them operate their funds more effectively.

The Australian Taxation Office (ATO) has expanded its support services for auditors in line with its growing reliance on the professional group to be the gatekeepers for the SMSF sector.

Accountants looking to add financial advice to their SMSF service offering are favouring the subject of risk cover over general wealth management, according to a licensee development manager.

The tax determination (TD) regarding the use of shared bank accounts for SMSFs supporting pension and non-pension members is a positive development, but not without complexities that require careful treatment, according to a specialist service provider for the sector.

A new report by the Association of Superannuation Funds of Australia (ASFA) has revealed a clear picture of where superannuation tax concessions flow and counters the assumption concessional contributions are significantly skewed towards high-income earners.