Fewer SMSFs, in your dreamsBY CHRISTOPHER PAGE | TUESDAY, 7 DEC 2010 2:32PM Another day another superannuation report about something vitally important, and this time it's a forecast that the number of self-managed super funds will fall away. The latest ... Upgrade your subscription to access this article
Join the growing community of financial advisers
with unlimited access to our latest news, research and analysis of the industry.
Become a premium subscriber today. |
Latest News
Former financial adviser charged in alleged $160k super fraud case
Former financial adviser Abdullah Popal has been charged with alleged fraud offences in Sydney's north-west, accused of hoodwinking five individuals out of over $160,000 from their self-managed super funds (SMSFs).
Reducing super tax cap to $2m 'a concern': FAAA
The FAAA has voiced concerns over the Labor government's proposed superannuation tax, saying if they are negotiating with the Greens, a reduction in the cap to $2 million would be problematic.
FAAA calls for stronger consumer protections in advice reforms
The Financial Advice Association of Australia (FAAA) has opposed collective charging for "always complex and costly" retirement planning advice and emphasised the need for consumer protection in the provision of super nudges in its submission to Treasury on the Delivering Better Financial Outcomes (DBFO) ...
Adviser numbers jump in March quarter: Rainmaker
The March quarter saw the highest number of financial advisers join the sector in the last seven years to reach 15,982, according to Rainmaker Information.
Further Reading
Cover Story
Moving mountains
MAGDELINE JACOVIDES
FOUNDER AND FINANCIAL ADVISER
MAZI WEALTH
FOUNDER AND FINANCIAL ADVISER
MAZI WEALTH
On top of running a successful practice, Mazi Wealth founder Deline Jacovides is a fierce advocate for closing the superannuation gender gap and has built a highly popular social media presence that takes financial literacy to the next level. She tells Karren Vergara where her passion comes from and how she integrates it all with family life.
Expert Feed
Redefining Pathways: What financial planning can learn from accounting's bold move
When I traded my Chartered Accountant hat for a career in financial planning, I didn't just switch professions - I gained a new perspective on the evolving ...
'Chameleon ETFs': Still groundbreaking and here to stay?
It was coined as a 'gamechanger' - an ETF that can be bought and sold on the ASX or Cboe Australia but that can also be applied for, and redeemed, directly ...
Now is the time to be brave
Recently, the first Delivering Better Financial Outcomes bill passed in both the Senate and the House of Representatives, marking a significant step forward ...
Why philanthropy is an important conversation advisers should have with clients
Financial advisers are in the box seat to assist clients with their philanthropy, yet a lot still don't raise the topic with clients.
I would have to agree Christopher, SMSFs are not just about tax savings! Being able to provide a customised service and multi-faceted investment platform for SMSF clients is what has built the SMSF sector into the behemoth it has become. With good reason, all SMSF advisers read carefully any dire warning of decline, but can take stock in servicing your clients well will continue to build your business. Regards, Ryan Grant | Financial Adviser | WRS
I agree with you Ryan this kind of negative rubbish continues to bag any form of super but the industry funds yet I receive enquiries about SMSFs on a regular basis. Innovative, compliant strategies can provide the average Australian with sound and proigressive investments within their super to drive their future forward. I am astounded that this sector is currently being hit with negative rhetoric when it is the only thing that will keep our economy moving forward in the years to come when the social security bills are bigger than our national expenditure.Client service and innovation will keep this large sector moving forward no matter what the differing bodies throw out there. I just get sick of hearing it!