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.
sub-bgsidebar 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 4 weeks ago
Kevin Gorman

Super director remuneration ...

5 months 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 ...

5 months ago

Iress has issued an update denying the validity of “certain statements” made today by an alleged threat actor....

2 days 8 hours ago

The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month....

3 days 9 hours ago

A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super ...

3 days 9 hours ago