SPAA has publicly welcomed the findings of a Roy Morgan report which found that SMSF trustees have a higher level of satisfaction than industry and retail fund members.
In a statement issued yesterday, SPAA chief executive Andrea Slattery said the Roy Morgan research reflects the high levels of engagement experienced by most SMSF trustees.
“SMSF members are very engaged with their superannuation and take responsibility for the investments and strategies of their funds, which results in increased satisfaction when their funds perform well,” Ms Slattery said.
“The increased control and flexibility of SMSFs allow trustees to tailor their fund’s investments and costs to suit their own circumstances, another factor we believe results in the high satisfaction levels of SMSF members with their funds.”
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