POWERED BY MOMENTUM MEDIA
Even happy fund members consider SMSFs
Most people working in the superannuation sector are happy with their existing superannuation fund, but that hasn’t stopped more than a third of them considering establishing a self-managed superannuation fund (SMSF).
The key finding has been revealed in a survey conducted by Money Management’s sister publication, Super Review, and sponsored by MetLife, during the recent Conference of Major Superannuation Funds (CMSF) on the Gold Coast, with the significance of the result being that most conference delegates were representatives of industry funds.
Asked whether they had considered establishing an SMSF, 37.2 per cent of respondents at the conference said they had, while 61.8 per cent said it was something they had not considered doing.
Interestingly, the same survey revealed that 94.5 per cent of respondents were happy with their existing superannuation fund arrangements in terms of the service they received and investment returns, with this number declining to 85.4 per cent with respect to their insurance cover.
Recommended for you
Introducing reforms for strengthening simpler and faster claims handling and better servicing for First Nations members are critical priorities, according to the Super Members Council.
The Commonwealth Bank has warned that uncapped superannuation concessions may be “unsustainable” and has called for the introduction of a superannuation cap.
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
