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ASIC document on SMSF advice costs questioned

An industry body has questioned the corporate regulator’s focus on the risks of SMSFs in its campaign targeting new trustees, calling the data sources used in its fact sheet inconsistent.

ASIC document on SMSF advice costs questioned
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  • Shared by the ifa
  • October 18, 2019
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In a statement released on Monday, SMSF Association chief executive John Maroney said that while the association agreed that SMSFs were not suitable for every client, the data used by ASIC in its fact sheet, “Self-managed superannuation funds: Are they for you?”, distorted the costs involved in running a self-managed fund.

Read more at the ifa

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