Add new comment

Submitted by Gareth Hall on Thu, 02/18/2016 - 12:24

This seems a ridiculous notion. SMSF's are not a product, they are a structure. If a SMSF is the best solution for the member of a corporate super fund then by all means advise the client of this and clearly and accurately justify the replacement of the existing product. Isn't this an issue around advice? Haven't we moved on from 'targeting' people to sell them a product?
No wonder advisers who conduct themselves in this manner have a terrible reputation. They should have their licenses suspended for this sort of behavior.
Advisers also need to remember that employer super plans are often sponsored by the employer and have significant discounts to 'retail'. I doubt a SMSF will be price competitive for many.

The content of this field is kept private and will not be shown publicly.
sidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

4 months 2 weeks ago
Kevin Gorman

Super director remuneration ...

4 months 3 weeks ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

4 months 3 weeks ago

Aware Super has outlined its systematic approach to corporate engagement as institutional investors increasingly assert their influence on company boards and take on an a...

55 minutes 51 seconds ago

Natalie Kelly has been appointed permanently to the role following an extensive selection process....

57 minutes 58 seconds ago

The country’s second-largest super fund has completed its fourth SFT this past financial year and welcomes almost 5,000 new members....

3 hours ago