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Home News

Merged association poised to shake up member services

Under the united banner of SISFA, two newly merged representative bodies are looking to provide “unique” member benefits, including facilitating a relationship between members and SMSF service providers.

by Katarina Taurian
May 26, 2017
in News
Reading Time: 2 mins read

As reported yesterday in SMSF Adviser, the Self-managed Independent Superannuation Funds Association (SISFA) and the SMSF Owners’ Alliance (SMSFOA) have merged, with a combined member base of SMSF members and professionals of approximately 10,000.

In the next month or so, the newly formed body will be announcing a range of new membership packages, managing director Mike Goodall told SMSF Adviser.

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Services for SMSF trustees, which cater to the size of their fund, will be a principal focus.

“We will have a range of options available from the single trustee SMSF fund through to multiple member funds,” he said.

“Aligned with that will be some features that will be unique in the marketplace,” he said.

The association is also establishing ties with service providers in the SMSF industry, with a view to assist in the provision of products such as actuarial certificates and trust deeds.

Although Mr Goodall couldn’t confirm if this would involve favourable rates, he said there will be a benefit to members in using these services through the association.

“What we’re keen to do is bring some tangible benefits to being a member of the organisation beyond the advocacy and the lobbying services that the combined organisation provides,” he said.

“As a core of what we do, we will be a voice of trustees and practitioners in the industry to regulators and government, but we are looking to build additional value in the membership of the organisation,” he said.

He stressed that members who are currently signed up will not be made to change their membership packages.

 

 

 

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SMSF Adviser is the authoritative source of news, opinions and market intelligence for Australia’s SMSF sector. The SMSF sector now represents more than one million members and approximately one third of Australia's superannuation savings. Over the past five years the number of SMSF members has increased by close to 30 per cent, highlighting the opportunity for engaged, informed and driven professionals to build successful SMSF advice business.

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