SMSF trustees feel the pinch
Recent volatility and uncertain times appear to have undermined the confidence of Self Managed Superannuation Fund trustees.
New research released by Roy Morgan Research has revealed that SMSFs have not proved immune to the decline in confidence which has accompanied recent market volatility and the negative economic news emanating out of the US and Europe.
According to Roy Morgan industry communications director Norman Morris, total market satisfaction with superannuation investment performance fell by 0.3 per cent per cent between July and August as the share markets began to slide.
He said this reduction in satisfaction was especially evident in those with SMSFs, who had registered a 1.6 per cent decline in sentiment in the Roy Morgan Superannuation Satisfaction Report.
However, according to Morris, SMSF trustees were overall more satisfied with their lot than either retail superannuation fund or industry superannuation fund members.
AUTHOR
Mike Taylor
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