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.

Specialist SMSF advisers must limit the number of clients they service who are already embedded in the retirement phase of their lives in order to maintain a successful practice, according to an industry expert.

BGL Corporate’s cloud SMSF administration solution, Simple Fund 360, is undergoing testing and client authorisation for data services before its scheduled beta release in July. “It’s all moving along pretty well according to schedule. The routine to upgrade to the desktop to the web is all complete and we’re just going through final testing of […]