|The Risks of Investing Outside the Flags; Protecting SMSFs from Financial Fraud
SuperGuard 360 position paper published June 2016
The rise of SMSFs
The self-managed superannuation fund (SMSF) sector has experienced massive growth in the past decade and is now worth more than $591 billion, representing almost a third of all superannuation assets. Industry analysts Deloitte predict SMSFs will be managing assets worth close to $3 trillion by 2035.
A substantial number of SMSF members are over 50 years of age and have chosen to invest their superannuation money in an SMSF because they are seeking more control over their investments, particularly as they near retirement age. Increasingly, younger people who want more control over their superannuation investments are also opting for SMSFs.
The size of the investment pool, the independent nature of SMSF members and the fact that a large percentage of SMSF funds are invested in direct property and shares, means they need to be particularly vigilant against financial misconduct and fraud. Read more