SMSF members still happiestBY ALEX DUNNIN | TUESDAY, 30 OCT 2012 12:20PMDespite lackluster super fund returns, more fund members are satisfied with their industry fund's performance than are retail fund members but self managed super fund members continue to be the most satisfied. |
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David Woodall
CHIEF EXECUTIVE OFFICER, SUPERANNUATION
INSIGNIA FINANCIAL LTD
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Facing his greatest test yet in metamorphosing MLC Super, Dave Woodall is adamant the juice will be worth the squeeze. Jamie Williamson writes.
SMSFs are happy with their performance because they have no idea what it is. All reports on the performance of SMSFs are fiction. Ignorance is bliss.
Tony - how disappointing that the trustees of SMSF's that you have spoken to don't know their investment returns. Sounds like their fund administrator/accountant isn't providing them with the tools they need to properly run their fund. It would a shame if the whole SMSF industry is tainted due to the poor service of some accountants.
Tony There seems to be a golden opportunity for you to educate your SMSF client base.