Hallelujah!

I continuously see people with a Self Managed Super Fund that is totally unsuitable for them. Most notably they have been put in property developments that are not worth what they paid for them years later. PLUS they are often classed as a wholesale investor when they don't know their elbow from their armpit. Critically, going into Retirement with an SMSF ignores the tendency for diminished capacity.

"also lose important protections, including the benefits of prudential regulation and the ability to make a complaint about the fund or its trustees to AFCA" - worrisome.

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