SMSF strategists need to treat their websites as shop windows in order to maximise their effectiveness for generating new business for their practices, according to a financial services marketing expert.

The SMSF Professionals’ Association of Australia (SPAA) has used its Australian Securities and Investments Commission (ASIC) Consultation Paper 216 submission to refute the cost analysis of SMSFs performed by Rice Warner on the regulator’s behalf.

Restricting SMSF investment in property would potentially lead to adverse price implications in other asset classes, according to the head of a structured products funds management house.

Recent analysis into SMSF investors has shown a growing preference for allocations to separately managed accounts (SMA) at the expense of listed shares as well as an increase in the use of exchange-traded funds (ETF) and unit trusts as avenues for access to international equities.

Financial services giant AMP has appointed Natasha Fenech to the newly created role of managing director for its SMSF business arm, AMP SMSF.

SMSF administration software provider Class Super has released its latest solution equipped to handle SuperStream services, after partnering with financial services technology firm GBST.

The Australian Taxation Office (ATO) has announced it will undertake a pilot project to review the risk of SMSF auditors’ details, including the SMSF auditor number (SAN), being misused and falsely reported on annual returns.

SMSF trustees and advisers need to be aware of the discretionary powers in the hands of the Australian Taxation Office (ATO) in its use of the Super Fund Lookup facility as they are wide ranging and do not incorporate an appeals process, according to a sector specialist.

Financial advisers servicing SMSF clients need to know the difference between a qualified audit report and an auditor contravention report (ACR) and the different implications of each, according to a specialist SMSF auditor.