Is Australian Super’s major enhancement option as “good as having a self-managed super fund” (SMSF)?

Competition for superannuation members is heating up. Australian Super this week announced a major enhancement to the way its members can invest. It went as far as claiming that the option was almost as good as having a self-managed super fund. In reality it poses more of a threat to the continued existence of commercial super funds. The continuing popularity of self-managed super funds was reinforced this week by the release of statistics by the Australian Taxation Office. They showed that the assets managed by SMSFs grew by 122 per cent over the five years up to 2010, compared with a growth rate of 60 per cent for the total superannuation industry.
See ARTICLE Max Newnham writes in The Age, page 6

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