Super Funds plan to list products on new ASX system which even SMSF’s could purchase

Super Saving Government Bill Shorten Law -

Super Funds list products

Some of the country’s biggest superannuation funds are drawing up plans to list their products on the Australian Securities Exchange’s (ASX)new managed funds platform in an effort to tap into the fast-growing self-managed sector. Hostplus, which boasts $9 billion of assets and close to 1 million members, is understood to be among those looking at the new system, which will allow individual investors to buy and sell units in managed funds, including Australian and international equities and bonds, in the same way as shares. The platform, due to be launched in the second quarter of 2012, is designed to cut drastically the cost of acquiring and redeeming units in managed funds and broaden the distribution of the investment products, particularly to self-managed superannuation fund trustees. The super funds are particularly keen to tap into the fast-growing do-it-yourself sector, which, with $400 billion of assets accounts for nearly a third of Australia’s retirement savings.

As reported 12 January 2012, Sally Patten, The Australian Financial Review, page 37


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Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
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One Response to Super Funds plan to list products on new ASX system which even SMSF’s could purchase

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