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With the rise of SMSF death benefit disputes, advisers will need to be cognisant of the challenges currently being seen on discretion approaches as it can have a strong impact on the protection strategy for SMSFs in litigation.
The new advice reforms outlined in the recent FSC whitepaper will align industry goals of modernising financial advice and enhancing the professionalisation of the advice sector, according to the SMSF Association.
With major changes to the work test possibly coming next year, advisers will need to be cognisant of the re-evaluation of new sets of contribution strategies to be utilised for different clients.
The government has introduced the bill that will allow the electronic execution of deeds and virtual AGMS into parliament.
A recommendation to allow financial advisers to give advice on cryptocurrencies was not included in Senator Bragg’s proposal to turn Australia into a leading digital economy.