Even super fund execs have considered SMSFs

superannuation fund SMSFs funds management cent money management industry funds

22 April 2014
| By Staff |
image
image
expand image

More than a third of people employed in the superannuation fund sector have actually considered establishing a self-managed superannuation fund (SMSF).

The key finding has been revealed in a survey conducted by Money Management's sister publication, Super Review and sponsored by MetLife, during the recent Conference of Major Superannuation Funds (CMSF) on the Gold Coast, with the significance of the result being that most conference delegates were representatives of industry funds.

Asked whether they had considered establishing an SMSF, 37.2 per cent of respondents at the conference said they had, while 61.8 per cent said it was something they had not considered doing.

Interestingly, the same survey revealed that 94.5 per cent of respondents were happy with their existing superannuation fund arrangements in terms of the service they received and investment returns, with this number declining to 85.4 per cent with respect to their insurance cover.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

4 days ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 3 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

2 days 22 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 1 hour ago