There is no comprehensive data available in respect of asset allocation for the whole Australian superannuation industry.
However for default superannuation funds, default investment strategies have consistently had about half of the assets invested in equities with about 10 per cent invested in property.
Many professionals recognise the growing opportunity that the self-managed super fund sector presents for their business. While many have flourished, an equal number (or more) struggle with the growing number of challenges.
Many accountants are now looking closely at their options for providing SMSF advice once the accountants’ exemption is removed. A key consideration is cost, with each option producing a very different result and licensing always being more expensive than obtaining an authorisation.
With the needs of various segments within the SMSF trustee market becoming better defined, advisers should take the opportunity to re-evaluate their offer and ensure it aligns with the client segments they’re trying to attract, writes Aaron Dunn from The SMSF Academy.
Accountants are in the spotlight with the recent raft of SMSF reform. But with much of the attention being placed on the removal of the accountant’s exemption and the need to get licensed, the opportunity is often overlooked.
Investor interest in and engagement with direct investing and SMSF approaches has been steadily gaining momentum over the last 10 years. Recently, these strategies have overtaken traditional investment avenues such as retail super fund vehicles.
he biggest risk facing your investors is that their retirement savings will be inadequate. Recent studies suggest that 76.1 per cent of singles and 41.9 per cent of couples aged 41-65 will run out of savings in retirement. The median single will have to live a whopping 17 years without savings.
With the evolution of technology set to impact nearly a third of all business revenues by 2015, No More Practice expert Aaron Dunn looks at how you can tackle this issue today and position your business for future success.
With time of the essence, accountants must consider how the licensing option they choose will impact their business operations, as well as the underlying costs associated with each of these options, writes Stuart Abley, Head of SMSF Advice.
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