A recent trend occurring in the SMSF space is seeing existing trustees including individuals from generation Y as new members of their superannuation funds.

The number of automated data feeds incorporated into Class Super’s specialist administration platform has now exceeded 100 with the addition of Bendigo and Adelaide Bank, CMC Markets Stockbroking and Baker Young as new data partners.

Borrowing to acquire property within an SMSF has increased in the past 12 months and further growth is expected as the majority of advisers continue to recommend gearing to their clients.

SMSF advisers looking to formulate an investment strategy for their clients need to recognise that knowing the client and knowing the assets in the portfolio are not the same, according to an investment specialist.

SMSF practitioners are trying to understand the new complexities introduced by the latest tax ruling affecting superannuation pensions, despite a lack of clarity in relation to some aspects of it, according to the SMSF Professionals’ Association of Australia’s (SPAA) technical director.

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.