Self-managed funds defy the big industry players

Original article by Robert Gottliebsen
The Australian – Page: 26 : 30-Aug-19

Australia has around 590,000 self-managed superannuation funds, with assets under management totalling $747 billion. This puts the SMSF sector ahead of both industry super funds ($718 billion) and retail super funds ($625 billion) in terms of size. Despite both industry and retail funds having forecast the demise of the SMSF sector for some time, figures released by the SMSF Association show that almost 30 per cent of new SMSFs have trustees (members) between the ages of 35 and 44. Given the revelations of the Hayne royal commission, it is not surprising that many SMSF members do not trust the big super funds.

CORPORATES
SMSF ASSOCIATION, AMP LIMITED – ASX AMP

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