Self-managed super funds (SMSF) are the fastest growing part of the Australian funds management industry, however, self-managed super fund trustees have no access to the protections afforded to funds that are regulated by the Australian Prudential Regulation Authority. This means they also have no access to compensation in certain situations.
Poor advice and fraudulent or misleading conduct aren't the only problems SMSFs can face - you can become entangled in a dispute with Government regulators. In these situations it can be hard to understand the complexities of an issue without support and the right resources.