Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
subscribe to our newsletter

SISFA expands lobbying effort with revamped trustee offering

Michael Lorimer
Adrian Flores
21 May 2020 — 1 minute read

The Self-managed Independent Superannuation Funds Association (SISFA) has relaunched its membership offering for trustees following concerns the financial services sector has taken them for granted.

The industry body said it will be offering SMSF members a new annual membership rate of $48 plus GST which will give members the access to a range of services and benefits, including:

  • educational content
  • access to experienced practitioners
  • enhancing SISFA’s advocacy efforts for members in Canberra
  • investment opportunities suitable for SMSFs
  • national seminars/webinars provided by SISFA and its partners
  • newsletters

According to SISFA, the introduction of new service providers and offerings to trustees will correct the imbalance where investment opportunities were only available to large super funds.

Advertisement
Advertisement

It said up to 200,000 SMSF trustees can be contacted quickly with this offer through existing communication channels and those of new associated partners and sponsors of the association.

SISFA managing director Michael Lorimer said that, alongside its advocacy efforts, for some time now SISFA’s focus has been to build a network of like-minded professionals in the SMSF sector to stay informed of technical and policy issues and provide a forum for the exchange of ideas.

“While this has been successful, it has become noticeable that the needs of 1.1 million SMSF members extend beyond supporting the professionals on whom they rely for advice and expertise,” Mr Lorimer said.

“SISFA has long debated how to better support these individuals who are essentially ‘running their own money’ (with or without a professional adviser) and often do not have all the know-how to protect their nest eggs.

“The financial services sector has taken them for granted and often only taken their own industry agendas to regulators.

“They have not ignored trustees but rather thought that their agenda would also cover the needs of trustees without involving them in the discussion.”

Adrian Flores

Adrian Flores

Adrian Flores is the deputy editor of SMSF Adviser. Before that, he was the features editor for ifa (Independent Financial Adviser), InvestorDaily, Risk Adviser, Fintech Business and Adviser Innovation.

You can email Adrian at This email address is being protected from spambots. You need JavaScript enabled to view it..

SISFA expands lobbying effort with revamped trustee offering
michael lorimer smsf
smsfadviser logo
join the discussion

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of SMSF Adviser.

Read more

Latest poll

Do you outsource a part of your business operations?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.