Class Super has earmarked more rapid improvement to its existing reporting product with the $2.15 million capital injection resulting from CountPlus’s purchase of 1 million shares in parent company Super IP.

The SMSF Professionals’ Association of Australia (SPAA) has described the federal government’s recent decision to limit the tax deductibility of self-education expenses to $2000 as “short-sighted and self-defeating”.

The generation X demographic is the group of clients financial planners and accountants need to focus on if they want to build a successful SMSF advisory business, according to an industry expert.

Software provider Sharesight has experienced a lift in interest for its automated, cloud-based portfolio management system from accountants looking after SMSF portfolios.

High-income earners are likely to be the biggest losers under the new superannuation laws, having effectively had new taxes levied upon them, a sector expert has said.

Three financial dealer groups have signed up to use Superfund Wholesale’s new online SMSF administration platform, iSystem.

BGL Corporate Solutions has signed an agreement with online peer portfolio comparator, SelfWealth, allowing clients to liken the performance of their SMSFs to others.

SuperGuardian’s SMSF administration and investment service aimed at trustees, Xpress Super, has partnered with Macquarie to provide its clients with access to a separately managed account (SMA) facility.

Adherence to the best interest requirement under the Future of Financial Advice (FOFA) reforms was still causing confusion in the SMSF sector due to the different types of professionals and practitioners providing advice in the area, a recent selfmanagedsuper roundtable found.