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Customers rate SMSFs the best
“Source: Financial Standard – June 10th, 2011″
The latest Superannuation Satisfaction report from consumer researcher Roy Morgan has found that 75 per cent of SMSF customers are satisfied with their fund returns, compared to just 52 per cent for industry fund customers and 47 per cent for retail fund customers…
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2010 ASX Share Ownership Survey – Direct investors dump managed funds
“Source: Financial Standard – May 4th, 2011″
Direct share ownership is continuing to rise and it’s driving investors out of managed funds, reveals new figures from the latest ASX Share Ownership Survey.
The survey found there are 5 million Australians who directly own shares, 2 million more than a decade ago. But indirect ownership through managed funds has plummeted through the period by the same amount from 4.3 million to 2.2 million…
SMSFs avg balances hit $1m
“Source: Financial Standard – March 28th, 2011″
New research from Rainmaker into self-managed super funds confirms that much of what we think we know about the sector is still driven by myths.
An analysis the researcher conducted into SMSF figures available from the Australian Taxation Office and the superannuation regulator APRA revealed that the average fund is now near $1 million with an average member balance of $500,000 receiving average annual contributions of $50,000…