Trustees with trauma cover within their SMSF need to pay particular attention to the situation due to the approach regulators are able to take in reviewing these arrangements, according to a risk insurance expert.

The proposed reduction in the concessional superannuation contributions caps could have flow-on consequences for SMSF trustees in regard to risk cover if that type of insurance is currently held within the fund, a retirement savings legal expert has warned.

Independent licensee MyPlanner Australia will now offer an insurance solution to SMSFs through a new partnership with AIA Australia and AGI.

A financial services firm has warned business owners against holding buy/sell cover inside an SMSF in order to receive a tax deduction for the associated insurance premiums.

SMSF Insurance Professionals has officially launched an SMSF trustee liability insurance policy covering the cost of trustee liabilities, fund liabilities, civil penalties, and audits and penalties from the Australian Taxation Office.