Head of Education and Content at Heffron, Lyn Formica, joins the SMSF Adviser Show to discuss how to keep up to date with regulatory changes in the SMSF space.

Ms Formica explains how recent market developments impact the relevance of SMSFs in the current landscape, as well as the latest regulatory updates that industry professionals need to understand.

She also covers the methods that accountants, advisers, and trustees can employ to remain well informed, and touches on some specific strategies SMSFs can utilise that standard funds can’t.

Finally, Ms Formica highlights the enhanced flexibility offered by SMSFs in comparison to standard industry funds and showcases some circumstances in which an SMSF might not be the right recommendation for a client.