The Self-managed Independent Superannuation Funds Association (SISFA) has relaunched its membership to self-managed superannuation fund (SMSF) trustees to connect up to 200,000 trustees.
SISFA managing director, Michael Lorimer, said the needs of 1.1 million SMSF members extended beyond supporting the professional on whom they relied on for advice and expertise.
“SISFA has long debated how to better support these individuals who are essentially ‘running their own money’ (with or without a professional adviser) and often do not have all the knowhow to protect their nest eggs,” he said.
“The financial services sector has taken them for granted and often only taken their own industry agendas to regulators. They have not ignored trustees but rather thought that their agenda would also cover the needs of trustees without involving them in the discussion.”
SISFA said the membership would give SMSF members a louder voice and greater support from the industry.
SISFA said the membership included:
- Educational content;
- Access to experienced practitioners;
- Enhancing SISFA’s advocacy efforts for members in Canberra;
- Investment opportunities suitable for SMSFs;
- National seminars/webinars provided by SISFA and its partners; and