Self-determined super route gets busier

It requires a lot of conviction to set up a self-managed super fund. Once you’ve taken on the task, however, it’s encouraging to know you’re in good company. The Roy Morgan Research Superannuation and Wealth Management Report released in May showed self-managed superannuation continues to grow at the expense of retail and industry fund alternatives. In the 12 months to December 2014, self-managed super attracted 7.8% of the funds switched between super products, a net gain of 6.9% when losses of 0.9% are accounted for. The survey found the average super savings balance for DIY fund members was $683,200,...

It requires a lot of conviction to set up a self-managed super fund. Once you’ve taken on the task, however, it’s encouraging to know you’re in good company.

The Roy Morgan Research Superannuation and Wealth Management Report released in May showed self-managed superannuation continues to grow at the expense of retail and industry fund alternatives.

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