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| | | ... serious financial consequences for trustees," he said. The comments come amid growing concern within the industry surrounding SMSFs use of limited recourse borrowing. While SPAA is largely in favour of limiting the way SMSF gearing can be implemented ... |
| | | | ... up 26% on the previous year, and new Australian Prudential Regulation Authority (APRA) figures shows the total number of SMSFs has now risen to 478,263. But while SMSF members tend to come out on top in satisfaction surveys, there is no evidence to show ... |
| | | | ... during the period while public sector funds' assets increased 5.7%. Small funds' assets including self-managed super funds (SMSFs), single-member approved deposit funds and small APRA funds, increased 3.7% and retail funds' assets by 0.9%. Corporate ... |
| | | | ... level of fees and charges and as a result their funds are moving from Retail and to a lesser extent Industry Funds into SMSFs," said Morris. "The ease of switching super funds and the increase in people using SMSFs means that the Retail sector will increasingly ... |
| | | | ... update. The number of windups for the same period was 994, the lowest ever by nearly 4,000. This makes the net growth of SMSFs in 2011/2012 nearly 3,000 per month and confirms the increasing popularity of this type of superannuation arrangement. The ... |
| | | | ... Steer said the wealth management division was partly inspired by the continued growth in self managed superannuation funds (SMSFs). "We are seeing more demand for the SMSF structure and the private wealth division will provide a truly holistic service ... |
| | | | ... out. "Hybrids are also a good way for retail investors to acquire high quality debt like CBA, and these are a good way for SMSFs to build diversification into bonds, and receive good spreads over the cash rate," she advises. While there won't be a rush ... |
| | | | ... out in this space. "I can see those dominant players in the investment layer wanting to offer a more holistic service to SMSFs," says Lumby. Given that equities and cash are the two single biggest asset classes for SMSFs, he expects to see further consolidation ... |
| | | | ... provide good enough advice anyway, Moss said. As it stands it would let accountants provide "financial product advice" on SMSFs, but it does not actually cover what areas of SMSFs accountants could advise on, such as contributions, rollovers, borrowing ... |
| | | | ... said. Despite this, Rice said the average SMSF has out-performed APRA benchmarks in six of the past seven years. "Not many SMSFs were financially hurt by the GFC," he said. The success of SMSF trustees in deriving annual income from listed shares, cash ... |
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