New association launched for SMSF trustees
Nick Sherry
A new financial services industry association will be launched next week specifically aimed at representing those running a self-managed superannuation fund (SMSF).
The Minister for Superannuation and Corporate Law, Senator Nick Sherry, will next Tuesday attend the launch of the Self-Managed Superannuation Members Association (SMSA) in Sydney.
According to the chief executive of the SMSA, Peter Bishell, the association has a potential membership of up to 715,000, and the timing of its establishment could not have been better.
He said he had met with Senator Sherry in Canberra in February and it was clear the Federal Government was reviewing the operations of the SMSF sector and, in doing so, was looking for input from ordinary Australians who operate SMSFs.
The SMSA was registered as a company earlier this month and its constitution makes provision for directors from each state plus one from the ACT along with two SMSF professionals.
AUTHOR
Mike Taylor
Recommended for you
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
Iress has appointed Insignia Financial’s former general manager of master trust and insurance products as its newest CEO of superannuation, who will take over from Paul Giles.
