Wave of accountants tipped to expand SMSF services
Although accountants have been slow to fulfil their SMSF licensing requirements, research from Investment Trends shows they are set to ramp up their offerings in the long term. Overall, accountants’ move into the AFSL environment has been slow, falling significantly short of market expectations. For those who have chosen to obtain their own limited licence, hundreds are still waiting on ASIC’s approval after not meeting the soft lodgement deadline of March 1 this year.