SPAA welcomes Roy Morgan SMSF engagement research
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.
Last week, SMSF Adviser revealed the findings of a Roy Morgan superannuation satisfaction survey, which identified a 71.0 per cent satisfaction rating among SMSF members, as opposed to 53.5 per cent and 51.2 per cent ratings for industry and retail funds respectively.
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.”