September 29, 2025 • 14 mins
In FY25, approximately 42,000 new Self-Managed Super Funds were established in Australia, with the total assets of the sector passing $1.05 trillion.
Adam Lang speaks to Tim Steele, Chief Executive of Class, and Meg Heffron, Managing Director of Heffron, after the release of the Annual Benchmark Report at Class Ignite 2025. They discuss record growth in SMSFs, increasing participation from younger Australians, and the resilience of the sector despite regulatory headwinds.
Fear & Greed is the media partner for Class Ignite 2025
Find out more: https://fearandgreed.com.au/
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:05):
Welcome to Fear and Greed Q and A. I'm Adam Lang.
Speaker 2 (00:08):
Today's episode is part of a commercial partnership with class
Ignite twenty twenty five, who are proud sponsors of this podcast.
We're here at the conference in Sydney where class has
just released its annual Benchmark Report, one of the key
resources for understanding self managed super funds. Please note this
is general information only and you should see professional advice
(00:29):
before making any investment decisions. My guests are Tim Steele,
Chief Executive of class and Meg Hefron, Managing director of Hefron.
Tim Meg, Welcome.
Speaker 3 (00:39):
Thank you, Adam, delighted to be Thank you.
Speaker 1 (00:42):
Tim.
Speaker 2 (00:42):
I'll ask you this question first. The self managed super
sector has certainly captured the hearts and minds of many Australians.
How is the sector traveling?
Speaker 4 (00:52):
Yeah, we're delighted has captured the hearts and minds of
many Australians and certainly the growth in establishments is probably
evidence of that, Adam. So we saw by on ATO
data forty two thousand, almost forty two thousand Australians choose
to establish an SMSF in FI twenty five. That's a
twenty seven percent increase on the year prior from thirty
three thousand, so a pretty staggering growth. So if that's
(01:14):
the measure of how's it traveling, I would say, really well,
it's really well.
Speaker 2 (01:17):
Yeah, And Meg, can I ask you the same question,
how do you think the sector is going?
Speaker 5 (01:21):
Probably similar comments there. That growth number is quite amazing. Really,
you wonder what was special about twenty twenty five to
see such a big increase, because we've been hovering it
around thirty thousand for a couple of years before then.
So I would say it's a we're obviously at a
at a point in time when lots of people are
(01:43):
discovering smsfs and coming in droves.
Speaker 4 (01:47):
One additional data point, and if you don't mind me
jumping back in, we on the class look at the
actual demographics of those who were establishing, as the ATO
does as well, and we saw an increase from eighty
percent eighty six percent for genet and millennials combined, so
predominantly driven by the millennial set growth and millennial sector.
So those sort of thirty to forty four who chose
to establish in FY twenty five. So again there's a
(02:10):
hypothesis you could draw that either they're superbalances of a
certain stage, or technology has meant that it's cheaper than
it might might have been to establish, and then a
minister of fund and.
Speaker 3 (02:20):
So they're getting into smsfs a little bit earlier.
Speaker 5 (02:22):
And you know it's probably both. It's like both of
those things happening at the same time. Just accelerate the growth,
don't you think, Because there's certainly plenty of options out
there these days to get into an SMSF with much
less money, because it's still cost effective to do that.
And with every sort of decade that goes by, the
next generation of forty somethings have loads more in super
(02:45):
than I did when I was forty, because I yeah,
and I predate compulsory super. And even when compulsory superstarted,
it was only four or five percent in those early years.
I know you're too young to remember. This team not true.
This is how it was.
Speaker 3 (03:01):
Plus we're paying young people a lot of money.
Speaker 1 (03:04):
Those numbers are younger than I expected. That is really
encouraging to hear.
Speaker 4 (03:09):
We think so, I mean, we think it means that
there's a certain set and look, I want to be
clear self, manisty hunt are not for everyone. But we
do think that they're becoming a lot more mainstream and
there's a lot more commentary in the market around semss evs.
We think they might be disenfranchised with perhaps more institutional solutions,
and so they can get to a point where they say,
actually I want to take control of my super I
can do so at a way that's far more cost
(03:31):
effective that it once might have been. And so this
is something we wanted to go ahead and do. So
they're starting them, obviously in total numbers, at much higher rate,
and they seem to be starting them earlier.
Speaker 2 (03:42):
Tim, can I stay with you for a moment on
the annual benchmark report. Can you take us through some
of the top findings.
Speaker 4 (03:49):
Yeah, we've certainly been looking. We look at a number
of data points. DIV two nine six is probably the
most controversial legislative issue and we have a very fortunate
that we've got. You know, about thirty five percent of
the total SMSF assets in Australia are administered on class
so we have a statistically significant sample size and we
felt that this was a really interesting topic given what
(04:11):
the debate that's currently taking place, for us to have
a look at it. It's the second year, we've looked at it,
and so really the interesting insight for us was both
the increase in the number of members who would have
been affected by divd two nine six had it been legislated,
and that increased to about eighteen thousand, two hundred members,
and on average the amount of tax the tax burden
that they would have to carry had also increased, that
(04:32):
was about fifty two thousand. And I'm throwing a lot
of numbers at it, and I think it might tell
it'll paint a picture that's really interesting. I think the
total impact of that cohort is about nine hundred and
forty one million in tax contribution under Div.
Speaker 3 (04:44):
Two nine six, And.
Speaker 4 (04:46):
So given that we've got thirty five percent of the
market in terms of assets, that would mean, assuming all
other things hold equal, that Div. Two nine six just
from SMSFS ignoring appra regulated funds for a moment, just
fsmsfs would generate about two point seven billion dollars in
tax revenue. And that was for the FI twenty four
year let alone. What market movement might have also done
(05:08):
both of the taxable amount and also the number of
members affected over that period. So I think Div two
nine six was a really interesting insight and data point
for us in terms of looking at that potential impact
to members.
Speaker 5 (05:19):
I think you're telling the government it's a really good
money spinner, so I think you should not be so
positive about it. But yeah, it's certainly going to take
it raise a lot of revenue if it comes in
in its current form.
Speaker 4 (05:30):
I'm hoping that maybe this is optimistic of me that
if they can see that actually in their forward estimates
they've assumed something like two point three billion was the
total aggregate impact that they thought this tax would have
across both the entire sector, then maybe they'll be willing
to make some adjustments to things like indexing the three million.
Taxing unrealized gains, which is one more controversial elements of
(05:53):
the proposed regulation, is going to be a bit harder
to unwinde. But this I think certainly indexing or indexation
of the cap might be now financially at least tolerable
if they feel like they're still going to capture an
amount that is currently in their forward estimates.
Speaker 2 (06:07):
MEG two nine six included if you like, but what
are you seeing as the out comes from this annual
benchmark report?
Speaker 5 (06:14):
So I think actually one stat in the annual Benchmark
Report that I did find interesting. It might seem a
little bit niche, but we definitely went through a period
where there was a lot of talk around people are
setting up as mis sfs for all the wrong reasons.
They're going to get out of them again. You know,
(06:34):
they're going to be around for two years and then
they'll wind them up. And the interesting stat that I
thought came out in your benchmark report was that just
isn't backed up by the evidence so far. So you know,
a tiny number like seven percent or something were wound
up within the first five years. So that's if you
like the buyer's remorse cohort, isn't it quite quite possibly
(06:55):
they set it up and then regretted it and then
unwound it within the first five years. But the vast
majority you've been around for years, and that is fascinating
to me.
Speaker 4 (07:05):
We saw more than three quarters were ten years plus
more than three quarters.
Speaker 5 (07:09):
Yes, and when you consider that about one hundred thousand
were established in the last three years, that for that average,
for that you know, three quarters to be more than
ten years old. That's quite a big, quite a big statement,
isn't it?
Speaker 3 (07:24):
As an actual you think that was statistically significant.
Speaker 5 (07:26):
I believe you are statistically significant here, Tim, So.
Speaker 2 (07:31):
Tim coming to you key issues the trustees.
Speaker 1 (07:34):
Should be paying attention to.
Speaker 2 (07:36):
For example, new tax laws you touched on that, Younger
people setting up funds you touched on that, and more
active strategies as people move into retirement.
Speaker 1 (07:44):
What are you seeing.
Speaker 4 (07:45):
I think Meg will be better qualified than I had
to comment on some of that. But I think certainly
our of you when we think about SMSFS is we
want to ensure that the right people are setting up
for the right reasons, and that they understand their obligations
and they have a clear investment strategy. Ideally they're seeking
financial advice, that would be our preference. We know that
that's not necessarily what we're seeing in terms of our data,
(08:06):
although they may at some point in time, as their
needs become more complex, choose to seek financial advice. But
we want to know they've got a well thought through,
well structured, diversified investment strategy that's going to help set
their long term retirement goals up leveraging a self managed
super fund.
Speaker 1 (08:21):
And Meg, from your point of view.
Speaker 5 (08:22):
I think the other interesting thing you had in the
benchmark report that relates to people seeing themselves up for retirement.
In particular was the high incidence of SMASEF people having pensions,
whereas in APRO funds, you know, half the population once
(08:43):
people get to sixty five, only half the population had
a pension, whereas in an esthma SEF it was an
enormous proportion. That says to me, you're getting a cohort
of people, you know, going into this and using one
of the most valuable strategies any super has, which is
starting a pension at some point.
Speaker 4 (09:03):
The point that Mega's rays related to a data we
looked at, which was over sixty five ninety three percent
of members on class had established a pension or started
a pension, and in contrast, that number for OPERA funds
based on their data was forty nine percent, which was
quite a staggering difference itself, and it held consistent with
last year. So despite all of the noise and the
retirement Income Covenant and Opera seeking to sort of encourage
(09:26):
super funds to lean into this particular issue, it hasn't
moved the needle yet, and it just signifies again that
SMSF members are inherently more engaged in making conscious choices
about their long term retirement savings and their superannuation.
Speaker 2 (09:40):
It's obviously very meaningful to them. So Tim, I'll stick
with you for a bit longer. How is CLASS using
this data and technology to help advisors and trustees deal
with the changes as they come.
Speaker 4 (09:51):
Yeah, well, certainly for us, it's influencing. We look at
the data, we look at the legislative issues and the
landscape were broadly and it helps us influence how we
deploy our investment dollars into innovation and enhancements on our platform.
And so a big area for example, we know focus
from either DVT on six if it comes in, but
just more generally from the ATO relates the valuation of properties.
Speaker 3 (10:12):
And so as an example, we've.
Speaker 4 (10:14):
Sought to enhance the capacity for our administrators and our
clients to actually use our system to for more efficiently
get valuations both for residential and we've just launched some
commercial capability actually to coincide with the Classic Night conference.
And so that's an area where we're using that data
in a legislative frame to actually think about where we
need to prioritize our development. But really the benchmark report
(10:36):
has its effectively our gift we hope back to the
industry to help them get access to data they might
not otherwise have to make better decisions for both their
businesses and also for the benefit of their clients and
self manage SIP of fund trustees.
Speaker 5 (10:51):
And I think simply having that data and the extensive
analysis you do on the data out there in the
public domain is quite powerful too, because if you think
about politicians or the tax office, or you know, haveing
credible and somewhat independent data out there makes it much
(11:12):
easier to argue the point. You know, I'm sure the
data you've released on division two nine six tax will
become a relevant discussion point with politicians around exactly how
much money they're looking to raise.
Speaker 2 (11:27):
Men coming to you from your client work. What's the
one piece of practical advice that you would give.
Speaker 1 (11:33):
To trustees right now? Oh gosh, that's a really good,
boil it down.
Speaker 5 (11:38):
Really good question. I would say, read everything, trust nothing,
val perhaps read everything and validate everything. I think there
is so much great material out there about super about
smsfs that it's it must be one of the things
(11:58):
that's encouraging so many people to to start an s
MASEF take control into their own hands. Is the extent
to which they can self educate and when.
Speaker 2 (12:06):
You're using your expertise this starter with your clients, what's
the most meaningful conversations you're having.
Speaker 5 (12:13):
Look, if anything, it's probably validating for people. So it
will be the sort the sorts of things that I
think clients would be interested in. Is how common pensions are.
For example, they're not being it's not something strange that's
being suggested to them. It's really the normal way people
in sthmesefs do things. Or you know, for somebody who's
(12:35):
getting into an STHMSEF for the first time, it is
maybe a bit fearful that this is going to be
too hard. You can point to an awful lot of
people who are making the same leap, and you can
point to an awful lot of people who've got funds
that have been around for a really long time, who've
obviously found this a very doable thing.
Speaker 2 (12:53):
They're getting advice, they're starting them, and they're sticking with
them pretty much.
Speaker 1 (12:56):
Yeah, Tim, what about you? Final tip, oh.
Speaker 3 (13:00):
Jee, I think be informed.
Speaker 4 (13:03):
To Meg's point, I think make an informed decision about
whether it's right for you. We want to grow the
SMSF sector, but we want to grow in the right
way with the right people where it's appropriate for their needs,
expectations and aspirations. We think there's an increasing percentage of
the population where an SMSF could make a lot of
sense for them, but they've got to understand what that
means and we want them to join knowing that there's
(13:24):
obligations that come with having an SMSF along with all
the wonderful things around control and being able to influence
and make their own choices, which we think is incredibly
powerful and very impactful for the right people.
Speaker 2 (13:35):
Tim, thank you very much for joining us on Fear
and Greed. Thank you thanks for having us and Meg,
thank you very much for joining us on Fear and Greed.
Speaker 5 (13:42):
Thanks for having me.
Speaker 2 (13:43):
Self Managed Super continues to be one of the most
dynamic parts of the Australian retirement system and these insights
are important for anyone thinking about their future. Classic Nite
twenty twenty five is a proud supporter of Fear and
Greed and we're delighted to partner with them on this series.
If you've got something you'd like to send you a
question via LinkedIn, Instagram, Facebook, or head over to Fearangreed
(14:04):
dot com dot au.
Speaker 1 (14:06):
I'm Adam Lange and this has been Fear and Greet
Q and a
Welcome to Fear and Greed Q and A. I'm Adam Lang.
Speaker 2 (00:08):
Today's episode is part of a commercial partnership with class
Ignite twenty twenty five, who are proud sponsors of this podcast.
We're here at the conference in Sydney where class has
just released its annual Benchmark Report, one of the key
resources for understanding self managed super funds. Please note this
is general information only and you should see professional advice
(00:29):
before making any investment decisions. My guests are Tim Steele,
Chief Executive of class and Meg Hefron, Managing director of Hefron.
Tim Meg, Welcome.
Speaker 3 (00:39):
Thank you, Adam, delighted to be Thank you.
Speaker 1 (00:42):
Tim.
Speaker 2 (00:42):
I'll ask you this question first. The self managed super
sector has certainly captured the hearts and minds of many Australians.
How is the sector traveling?
Speaker 4 (00:52):
Yeah, we're delighted has captured the hearts and minds of
many Australians and certainly the growth in establishments is probably
evidence of that, Adam. So we saw by on ATO
data forty two thousand, almost forty two thousand Australians choose
to establish an SMSF in FI twenty five. That's a
twenty seven percent increase on the year prior from thirty
three thousand, so a pretty staggering growth. So if that's
(01:14):
the measure of how's it traveling, I would say, really well,
it's really well.
Speaker 2 (01:17):
Yeah, And Meg, can I ask you the same question,
how do you think the sector is going?
Speaker 5 (01:21):
Probably similar comments there. That growth number is quite amazing. Really,
you wonder what was special about twenty twenty five to
see such a big increase, because we've been hovering it
around thirty thousand for a couple of years before then.
So I would say it's a we're obviously at a
at a point in time when lots of people are
(01:43):
discovering smsfs and coming in droves.
Speaker 4 (01:47):
One additional data point, and if you don't mind me
jumping back in, we on the class look at the
actual demographics of those who were establishing, as the ATO
does as well, and we saw an increase from eighty
percent eighty six percent for genet and millennials combined, so
predominantly driven by the millennial set growth and millennial sector.
So those sort of thirty to forty four who chose
to establish in FY twenty five. So again there's a
(02:10):
hypothesis you could draw that either they're superbalances of a
certain stage, or technology has meant that it's cheaper than
it might might have been to establish, and then a
minister of fund and.
Speaker 3 (02:20):
So they're getting into smsfs a little bit earlier.
Speaker 5 (02:22):
And you know it's probably both. It's like both of
those things happening at the same time. Just accelerate the growth,
don't you think, Because there's certainly plenty of options out
there these days to get into an SMSF with much
less money, because it's still cost effective to do that.
And with every sort of decade that goes by, the
next generation of forty somethings have loads more in super
(02:45):
than I did when I was forty, because I yeah,
and I predate compulsory super. And even when compulsory superstarted,
it was only four or five percent in those early years.
I know you're too young to remember. This team not true.
This is how it was.
Speaker 3 (03:01):
Plus we're paying young people a lot of money.
Speaker 1 (03:04):
Those numbers are younger than I expected. That is really
encouraging to hear.
Speaker 4 (03:09):
We think so, I mean, we think it means that
there's a certain set and look, I want to be
clear self, manisty hunt are not for everyone. But we
do think that they're becoming a lot more mainstream and
there's a lot more commentary in the market around semss evs.
We think they might be disenfranchised with perhaps more institutional solutions,
and so they can get to a point where they say,
actually I want to take control of my super I
can do so at a way that's far more cost
(03:31):
effective that it once might have been. And so this
is something we wanted to go ahead and do. So
they're starting them, obviously in total numbers, at much higher rate,
and they seem to be starting them earlier.
Speaker 2 (03:42):
Tim, can I stay with you for a moment on
the annual benchmark report. Can you take us through some
of the top findings.
Speaker 4 (03:49):
Yeah, we've certainly been looking. We look at a number
of data points. DIV two nine six is probably the
most controversial legislative issue and we have a very fortunate
that we've got. You know, about thirty five percent of
the total SMSF assets in Australia are administered on class
so we have a statistically significant sample size and we
felt that this was a really interesting topic given what
(04:11):
the debate that's currently taking place, for us to have
a look at it. It's the second year, we've looked at it,
and so really the interesting insight for us was both
the increase in the number of members who would have
been affected by divd two nine six had it been legislated,
and that increased to about eighteen thousand, two hundred members,
and on average the amount of tax the tax burden
that they would have to carry had also increased, that
(04:32):
was about fifty two thousand. And I'm throwing a lot
of numbers at it, and I think it might tell
it'll paint a picture that's really interesting. I think the
total impact of that cohort is about nine hundred and
forty one million in tax contribution under Div.
Speaker 3 (04:44):
Two nine six, And.
Speaker 4 (04:46):
So given that we've got thirty five percent of the
market in terms of assets, that would mean, assuming all
other things hold equal, that Div. Two nine six just
from SMSFS ignoring appra regulated funds for a moment, just
fsmsfs would generate about two point seven billion dollars in
tax revenue. And that was for the FI twenty four
year let alone. What market movement might have also done
(05:08):
both of the taxable amount and also the number of
members affected over that period. So I think Div two
nine six was a really interesting insight and data point
for us in terms of looking at that potential impact
to members.
Speaker 5 (05:19):
I think you're telling the government it's a really good
money spinner, so I think you should not be so
positive about it. But yeah, it's certainly going to take
it raise a lot of revenue if it comes in
in its current form.
Speaker 4 (05:30):
I'm hoping that maybe this is optimistic of me that
if they can see that actually in their forward estimates
they've assumed something like two point three billion was the
total aggregate impact that they thought this tax would have
across both the entire sector, then maybe they'll be willing
to make some adjustments to things like indexing the three million.
Taxing unrealized gains, which is one more controversial elements of
(05:53):
the proposed regulation, is going to be a bit harder
to unwinde. But this I think certainly indexing or indexation
of the cap might be now financially at least tolerable
if they feel like they're still going to capture an
amount that is currently in their forward estimates.
Speaker 2 (06:07):
MEG two nine six included if you like, but what
are you seeing as the out comes from this annual
benchmark report?
Speaker 5 (06:14):
So I think actually one stat in the annual Benchmark
Report that I did find interesting. It might seem a
little bit niche, but we definitely went through a period
where there was a lot of talk around people are
setting up as mis sfs for all the wrong reasons.
They're going to get out of them again. You know,
(06:34):
they're going to be around for two years and then
they'll wind them up. And the interesting stat that I
thought came out in your benchmark report was that just
isn't backed up by the evidence so far. So you know,
a tiny number like seven percent or something were wound
up within the first five years. So that's if you
like the buyer's remorse cohort, isn't it quite quite possibly
(06:55):
they set it up and then regretted it and then
unwound it within the first five years. But the vast
majority you've been around for years, and that is fascinating
to me.
Speaker 4 (07:05):
We saw more than three quarters were ten years plus
more than three quarters.
Speaker 5 (07:09):
Yes, and when you consider that about one hundred thousand
were established in the last three years, that for that average,
for that you know, three quarters to be more than
ten years old. That's quite a big, quite a big statement,
isn't it?
Speaker 3 (07:24):
As an actual you think that was statistically significant.
Speaker 5 (07:26):
I believe you are statistically significant here, Tim, So.
Speaker 2 (07:31):
Tim coming to you key issues the trustees.
Speaker 1 (07:34):
Should be paying attention to.
Speaker 2 (07:36):
For example, new tax laws you touched on that, Younger
people setting up funds you touched on that, and more
active strategies as people move into retirement.
Speaker 1 (07:44):
What are you seeing.
Speaker 4 (07:45):
I think Meg will be better qualified than I had
to comment on some of that. But I think certainly
our of you when we think about SMSFS is we
want to ensure that the right people are setting up
for the right reasons, and that they understand their obligations
and they have a clear investment strategy. Ideally they're seeking
financial advice, that would be our preference. We know that
that's not necessarily what we're seeing in terms of our data,
(08:06):
although they may at some point in time, as their
needs become more complex, choose to seek financial advice. But
we want to know they've got a well thought through,
well structured, diversified investment strategy that's going to help set
their long term retirement goals up leveraging a self managed
super fund.
Speaker 1 (08:21):
And Meg, from your point of view.
Speaker 5 (08:22):
I think the other interesting thing you had in the
benchmark report that relates to people seeing themselves up for retirement.
In particular was the high incidence of SMASEF people having pensions,
whereas in APRO funds, you know, half the population once
(08:43):
people get to sixty five, only half the population had
a pension, whereas in an esthma SEF it was an
enormous proportion. That says to me, you're getting a cohort
of people, you know, going into this and using one
of the most valuable strategies any super has, which is
starting a pension at some point.
Speaker 4 (09:03):
The point that Mega's rays related to a data we
looked at, which was over sixty five ninety three percent
of members on class had established a pension or started
a pension, and in contrast, that number for OPERA funds
based on their data was forty nine percent, which was
quite a staggering difference itself, and it held consistent with
last year. So despite all of the noise and the
retirement Income Covenant and Opera seeking to sort of encourage
(09:26):
super funds to lean into this particular issue, it hasn't
moved the needle yet, and it just signifies again that
SMSF members are inherently more engaged in making conscious choices
about their long term retirement savings and their superannuation.
Speaker 2 (09:40):
It's obviously very meaningful to them. So Tim, I'll stick
with you for a bit longer. How is CLASS using
this data and technology to help advisors and trustees deal
with the changes as they come.
Speaker 4 (09:51):
Yeah, well, certainly for us, it's influencing. We look at
the data, we look at the legislative issues and the
landscape were broadly and it helps us influence how we
deploy our investment dollars into innovation and enhancements on our platform.
And so a big area for example, we know focus
from either DVT on six if it comes in, but
just more generally from the ATO relates the valuation of properties.
Speaker 3 (10:12):
And so as an example, we've.
Speaker 4 (10:14):
Sought to enhance the capacity for our administrators and our
clients to actually use our system to for more efficiently
get valuations both for residential and we've just launched some
commercial capability actually to coincide with the Classic Night conference.
And so that's an area where we're using that data
in a legislative frame to actually think about where we
need to prioritize our development. But really the benchmark report
(10:36):
has its effectively our gift we hope back to the
industry to help them get access to data they might
not otherwise have to make better decisions for both their
businesses and also for the benefit of their clients and
self manage SIP of fund trustees.
Speaker 5 (10:51):
And I think simply having that data and the extensive
analysis you do on the data out there in the
public domain is quite powerful too, because if you think
about politicians or the tax office, or you know, haveing
credible and somewhat independent data out there makes it much
(11:12):
easier to argue the point. You know, I'm sure the
data you've released on division two nine six tax will
become a relevant discussion point with politicians around exactly how
much money they're looking to raise.
Speaker 2 (11:27):
Men coming to you from your client work. What's the
one piece of practical advice that you would give.
Speaker 1 (11:33):
To trustees right now? Oh gosh, that's a really good,
boil it down.
Speaker 5 (11:38):
Really good question. I would say, read everything, trust nothing,
val perhaps read everything and validate everything. I think there
is so much great material out there about super about
smsfs that it's it must be one of the things
(11:58):
that's encouraging so many people to to start an s
MASEF take control into their own hands. Is the extent
to which they can self educate and when.
Speaker 2 (12:06):
You're using your expertise this starter with your clients, what's
the most meaningful conversations you're having.
Speaker 5 (12:13):
Look, if anything, it's probably validating for people. So it
will be the sort the sorts of things that I
think clients would be interested in. Is how common pensions are.
For example, they're not being it's not something strange that's
being suggested to them. It's really the normal way people
in sthmesefs do things. Or you know, for somebody who's
(12:35):
getting into an STHMSEF for the first time, it is
maybe a bit fearful that this is going to be
too hard. You can point to an awful lot of
people who are making the same leap, and you can
point to an awful lot of people who've got funds
that have been around for a really long time, who've
obviously found this a very doable thing.
Speaker 2 (12:53):
They're getting advice, they're starting them, and they're sticking with
them pretty much.
Speaker 1 (12:56):
Yeah, Tim, what about you? Final tip, oh.
Speaker 3 (13:00):
Jee, I think be informed.
Speaker 4 (13:03):
To Meg's point, I think make an informed decision about
whether it's right for you. We want to grow the
SMSF sector, but we want to grow in the right
way with the right people where it's appropriate for their needs,
expectations and aspirations. We think there's an increasing percentage of
the population where an SMSF could make a lot of
sense for them, but they've got to understand what that
means and we want them to join knowing that there's
(13:24):
obligations that come with having an SMSF along with all
the wonderful things around control and being able to influence
and make their own choices, which we think is incredibly
powerful and very impactful for the right people.
Speaker 2 (13:35):
Tim, thank you very much for joining us on Fear
and Greed. Thank you thanks for having us and Meg,
thank you very much for joining us on Fear and Greed.
Speaker 5 (13:42):
Thanks for having me.
Speaker 2 (13:43):
Self Managed Super continues to be one of the most
dynamic parts of the Australian retirement system and these insights
are important for anyone thinking about their future. Classic Nite
twenty twenty five is a proud supporter of Fear and
Greed and we're delighted to partner with them on this series.
If you've got something you'd like to send you a
question via LinkedIn, Instagram, Facebook, or head over to Fearangreed
(14:04):
dot com dot au.
Speaker 1 (14:06):
I'm Adam Lange and this has been Fear and Greet
Q and a
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