Investment Strategy Annual Review Now Compulsory

Investment Strategy Annual Review Now Compulsory

Investment Strategy Annual Review Now Compulsory

Trustees of self-managed superannuation funds must review their investment strategies regularly, following a recent change to super regulations. Trustees have always been required to write an investment plan but now they must take a fresh look at it each year to make sure the strategy continues to reflect the purpose and circumstances of the fund and its members.

The director of education and professional standards at SPAA, Graeme Colley, says the regulation took effect from July 1, even though the ATO only announced the changes in August. Colley says that as a result of the timing of the announcement, many SMSF trustees are not yet aware of their new responsibilities. As reported by John Kavanagh in The Sydney Morning Herald, page 14


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