Four new SMSFs every hourBY ALEX DUNNIN | WEDNESDAY, 6 FEB 2013 12:25PMThe ATO has just released its latest self managed super fund bulletin and it confirms the stellar growth for the sector is continuing unabated. |
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NovaPort Capital team calls it a day
The team at small caps manager NovaPort Capital have decided to hang up their boots.
Industry fund merger postponed
Mine Super and TWUSUPER have reported "significant progress" towards their merger, but it has been pushed back.
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Fidelity International is terminating an international fixed interest strategy that failed to scale, as well as delisting a managed fund.
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Association of Superannuation Funds of Australia (ASFA) chief executive Mary Delahunty said at the Australian Shareholders' Association Conference yesterday that addressing the supply side of the housing crisis requires an infusion of private capital.
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Matt Gaden
HEAD OF AUSTRALIA
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
JANUS HENDERSON INVESTORS (AUSTRALIA) LIMITED
Helping investors traverse financial markets and build their wealth during the peaks and troughs is Janus Henderson Investors head of Australia Matt Gaden's game plan. He tells Karren Vergara why in this long game of investing, active management wins.
I wonder who's making all the money here. Could it be that accountants are influencing their clients to go into SMSFs because of blah, blah, blah, and then take the fees every year???? Who is regulating these SMSF establishments so that they are appropriate for the client? Accountants don't have to research the super funds that the clients are closing and rolling over from, like financial planners do, therefore it's quite easy to convince these people that a SMSF is a great idea. Am I naive? Or is there a conflict of interest here?
It is possible that people move to control their investments themselves via a SMSF as they are disenchanted with an industry that has become complacent, has under-performed and has over-charged. If it is an ethical issue, I don't think the issue that is driving this is with the ethics of accountants....