Survey sheds new insights on why individuals set up SMSFs

25 November 2020 SMSF Association Media Release An SMSF Association survey of nearly 800 SMSF trustees finds individuals are motivated by far more than costs or investment returns when deciding to establish a self-managed super fund. SMSF Association CEO John Maroney says: “The long-standing debate when comparing an APRA-regulated fund with an SMSF is typically…

Rice Warner research throws fresh light on SMSF costs

23 November 2020 SMSF Association Media Release A research report by the actuarial firm Rice Warner offers clear guidance to existing and potential self-managed super fund (SMSF) members whether this form of superannuation could be cost-effective and the right retirement savings vehicle for them. SMSF Association CEO John Maroney says the very important decision of…

Retirement Income Review throws welcome light on superannuation

20 November 2020 SMSF Association Media Release The SMSF Association welcomes the Retirement Income Review – a significant report that will provide policy evidence for the superannuation industry for many years to come. Association CEO John Maroney says it’s reassuring to the industry, and self-managed super funds in particular, that the Review has found the…

ASIC Paper on affordable advice ‘a welcomed initiative’

17 November 2020 SMSF Association Media Release The SMSF Association welcomes the release of ASIC’s Consultation Paper, “Promoting access to affordable advice for consumers”, believing it to be an important step forward in addressing the vexed issue of consumers having access to quality financial advice in a cost-effective way. Association CEO John Maroney says: “It’s…

Ground-breaking Rice Warner report to launch SMSF Week

11 November 2020 SMSF Association Media Release The SMSF Association’s SMSF Week, to be held virtually from 23-27 November, will launch a ground-breaking report by the actuarial firm Rice Warner about the costs of running an SMSF. The SMSF Association CEO John Maroney says: “In the face of ongoing public debate about the appropriate minimum…

Six-member SMSFs a step closer

09 November 2020 SMSF Association Media Release The passing of the legislation to give effect to the increase in the maximum number of SMSF members from four to six is a step closer following the Senate Economics Legislation Committee’s recommendation that the Bill be passed. The Committee tabled its report this week after the Bill…

Growing focus on improving SMSF specialist advice welcomed

21 October 2020 SMSF Association Media Release There is a growing recognition of the critical importance of ensuring that self-managed super fund (SMSF) trustees have access to specialist SMSF advice, says SMSF Association CEO John Maroney. “This growing momentum for advisers to have specialist SMSF qualifications is being actively encouraged by regulatory bodies, with the…

SMSF Association supports positive structural change for super

06 October 2020 SMSF Association Media Release The SMSF Association supports the Your Future, Your Super package as a positive structural change for the superannuation sector, says Peter Burgess, SMSF Association Deputy CEO / Director of Policy & Education. “The package of reforms relating to default funds and MySuper is positive for superannuation participants as…

Lower fees valid reason to increase size of SMSFs

30 September 2020 SMSF Association Media Release The SMSF Association says lower fees is the key reason why the legislation increasing the size of a self-managed super fund (SMSF) from four to six members should become law. In its submission to the Senate Standing Committee on Economics into the legislation, called the Treasury Laws Amendment…

Increasing SMSF members from four to six gets green light

03 September 2020 SMSF Association Media Release The SMSF Association welcomes the introduction of a Bill into Parliament that will increase the maximum number of allowable members in a self-managed superannuation fund (SMSF) from four to six. First announced in the 2018-19 Federal Budget, the increased maximum will help larger families to include all their…