Need to Know

Annual Study of Self-Managed Superannuation Funds


Annual Study of Self-Managed Superannuation Funds

The SMSF Association, in partnership with NAB, has just released the “Intimate with Self-Managed Superannuation” Report giving important insights into Australian SMSF. This report analyses the important trends and highlights opportunities for future growth.

The "Intimate with Self-Managed Superannuation" Report released by the SMSF Association and NAB has highlighted the potential for growth in the SMSF sector, with new opportunities for both trustees and their advisors. The emergence of new trends, such as a younger demographic will provide even more opportunities for SMSF advisors in the future.

More than 1 million Australians are now members of an SMSF, and with the increasing number of members, a new breed of trustee is emerging. The biggest growth opportunity for financial advisors comes from ‘coach seekers’ and ‘outsourcers’.

These are SMSF trustees who either require help and guidance in their decision making or those who are looking to delegate all of the decision making. Traditionally the SMSF market has been made up of ‘controllers’, those who enjoy managing their money and finances.

Among the trustees of self-managed funds, risk is becoming an increasingly important consideration when developing the investment strategy. In 2013, 28.6% of trustees held 10% or more of their portfolio in cash. That number is now 42.9% of trustees. The most important reasons to hold in cash were because trustees were waiting for a better investment option, or because of the desire to reduce risk. However, the record low cash rate of 2.00% means the returns from holding cash are very low.

Overall the report paints a bright picture for the future of self-managed funds in Australia. Increasing numbers of Australians are coming to realise the benefits of SMSF’s and more trustees than ever are confident of meeting their retirement goals.

Click here to review the study in more detail.

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