Super body on the cards
An industry body representing smaller superannuation funds is set to launch within the next few weeks.
An industry body representing smaller superannuation funds is set to launch within the next few weeks.
According to AM Corporation chairman David Smith, the Small Independent Su-per Fund Association (SISFA) is to be set up to fill a vacancy left by other industry bodies representing superannuation funds.
“Previously there has been no voice for small do-it-yourself funds in the market,” he says.
SISFA has already hired a lobbyist, a former politician, who has represented the interests of the smaller funds to Government during the passing of the Superannu-ation Legislation Bill No.3 (SLAB 3) and SLAB 4.
The group is currently seeking the appropriate licensing requirements and exact timetables for its launch are still unknown. However, it is believed that AM Corpo-ration has put its marketing muscle behind the group and is actively garnering in-terest from the industry.
Ends
AUTHOR
Jason Spits
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