Flight to SMSFs reshape super mindsetBY LAURA MILLAN | FRIDAY, 22 MAR 2013 12:35PMThe exodus of individuals away from large superannuation funds and into self-managed super funds (SMSFs) has prompted some soul-searching among the major players. |
Editor's Choice
REI Super chief executive steps down
REI Super is farewelling its chief executive Jarrod Coysh, after more than seven years in the role.
Former Brighter Super investment lead plots return
After a six-month hiatus, former Brighter Super chief investment officer Mark Rider is returning to the superannuation industry, set to join another super fund next month.
CGT, negative gearing changes to become a law
The government's tax agenda announced in the Budget overhauling the capital gains tax (CGT) discount and negative gearing have now passed the Parliament and will become law.
BUSSQ beefs up cyber security oversight
The Queensland industry fund has welcomed a cyber security expert to its board of trustees, bolstering its oversight on heightened cyber security risk.
Products
Featured Profile

Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.







With the growing interest in property by SMSF trustees industry funds should consider including property in some form. Traditionally the problem investing in property is the lumpiness of such a large single asset. Fractional investing via a managed fund will solve this problem and allow trustees to invest up to their determined asset allocation. It will also enable them to diversify across a number of properties, property types and geographical locations. No borrowing, no bare trusts, no complex legal syndicate structures.
Modern thinking by the major players both retail and industry. However, the point seems to be continually missed. Offering an experience 'almost' as good as the flexibility of a SMSF, with 'maybe' 60% of the assets on offer is not what the genral public want. Control, flexibility and feel of a SMSF cannot be repricated. It may slow the exodous however the example above misses the mark and will not succeed. They will only succeed in engaging those who would have not left. Before posting this we called smsf industry peers to seek their opnion and it was inline with ours.