The SMSF Association was established to help Australians who self manage their super, to educate advisors and strengthen the industry.
As an independent organisation, our goal is to educate and empower people to better understand the issues, demands and regulations needed to make the most of their self managed super funds.
Regulatory system for financial advice failing consumers
SMSF Association Media Release The SMSF Association says the current regulatory system is failing consumers with an outdated compliance regime, impost from Australian Financial Services Licensees (AFSLs) and the operation of scaled advice the main barriers to providing financial advice that is more accessible, cost-effective and relevant to SMSFs. Association CEO John Maroney says: “After
Overhaul of legacy pensions gets thumbs up
SMSF Association Media Release The SMSF Association welcomes the announcement in the Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) that will allow the partial commutation of certain non-commutable pensions. SMSF Association Deputy CEO / Director of Policy & Education Peter Burgess says: “We have long advocated the modernisation of these pensions – better known
Why are SMSF and retail investors missing out on ASX capital raisings during COVID-19?
SMSF Association Media Release Retail and self-managed super funds often lose out when listed companies raise capital, and the regulatory framework overseeing equity capital needs to be reformed to remove this anomaly in the capital markets, says SMSF Association CEO John Maroney. Maroney, who was participating in a virtual forum examining the issue of “Why
Survey sheds new insights on why individuals set up SMSFs
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 restricted to a
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
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
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
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
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