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Departing Smith confident of future
The outgoing chief executive of theAssociation of Superannuation Funds of Australia (ASFA), , believes the organisation will continue to have a future in the financial services sector despite a decline in its membership numbers forced by industry consolidation and trustee licensing.
In an interview with Super Review (page 14), Smith said: “Yes, the number of funds has gone down, and we re-jigged our member fees a little last year.
“Fees went up to make sure that we, in fact, did have the fee base to sustain the depth of ASFA, and the thing that those fees pay for is policy and research,” she said. “The rest is user pays.”
Smith said the fact ASFA did not get much push back when it put up fees indicated that its members recognised that the organisation provided a strong voice with respect to policy and research.
AUTHOR
Mike Taylor
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