Business
What the budget could mean for your SMSF – The Australian Financial Review
Just as all super members must take action with poor performers, DIY funds need to challenge advisers who give poor advice.
As well as not being permitted to take on new members, performance laggards in the MySuper league will be required to inform existing members that their performance is not up to scratch.
This should draw the attention of members to this aspect of their superannuation. At present, funds are under no obligation to advise members about a substandard performance.
These funds will also be obliged to draw the attention of members to other MySuper funds that are performing well, as well as superannua…
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