Media Releases

Media Releases

Rice Warner research throws fresh light on SMSF costs

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 choosing the right…

Media Releases

Retirement Income Review throws welcome light on superannuation

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 retirement income system…

Media Releases

ASIC Paper on affordable advice ‘a welcomed initiative’

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 encouraging that ASIC is…

Media Releases

Ground-breaking Rice Warner report to launch SMSF Week

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 size of an…

Media Releases

Six-member SMSFs a step closer

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 was referred to…

Media Releases

Growing focus on improving SMSF specialist advice welcomed

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 latest example being…

Media Releases

SMSF Association supports positive structural change for super

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 it will focus…

Media Releases

Lower fees valid reason to increase size of SMSFs

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 (SMSFs) Bill 2020,…

Media Releases

Increasing SMSF members from four to six gets green light

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 family members in…

Media Releases

Government urged to cut the red tape afflicting financial advice

SMSF Association Media Release To make professional financial advice more affordable and accessible in a post COVID-19 recovery, the SMSF Association is calling on the Federal Government to reduce red tape around the delivery of financial advice. The peak association representing the SMSF sector has used its supplementary 2020-21 Budget submission to again push for…