Industry expert joins SMSFA board

A self-managed superannuation fund specialist is joining the board of the SMSF Association on September 1.

Verante Financial Planning director and financial planner Liam Shorte will replace Andrew Gale, who is stepping down after a six-year tenure.

Sydney-based Shorte has 27 years' experience in financial services, having worked in Ireland, the UK and the Middle East before moving to Australia in 2001.

Shorte has worked in banking, insurance, accounting and financial planning before establishing his own business in 2006.

He frequently writes about SMSFs in simple and comprehensive terms, earning him the title as The SMSF Coach.

SMSFA chair Deborah Ralston said Shorte's practical knowledge of the sector derived over many years from dealing directly with clients will be of enormous value to the board, the association, and the wider SMSF community.

Ralston added Gale led as a strong and effective chair of the board and complimented his contribution to strategic thinking for the association as well as the oversight of a smooth chief executive succession.

Gale joined the SMSFA in 2012 and became chair in February 2016.

He was succeeded by Ralston, an academic with specialist knowledge of financial services and superannuation. Ralston serves on numerous boards, including YBF Ventures and the Reserve Bank of Australia.

The SMSFA has 1.1 million members who have more than $712 billion of funds under management.

It recently teamed up with several associations to improve the retirement system to form the Alliance for a Fairer Retirement System.

It joins: the Australian Shareholders' Association, Australian Listed Investment Companies Association, National Seniors Australia, Self-managed Independent Superannuation Funds Association, and Stockbrokers and Financial Advisers Association.

The alliance aims to improve superannuation taxation, Age Pension means testing and the broader retirement income system.

Read more: SMSFASMSF AssociationDeborah RalstonLiam ShorteAndrew GaleAge PensionAustralian Listed Investment Companies AssociationAlliance for Fairer Retirement SystemFinancial Advisers AssociationIndependent Superannuation Funds AssociationNational Seniors AustraliaVerante Financial PlanningYBF Ventures
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