by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Forward Thinking Magazine : August 2011
45 self managed super Written by Gillian Bullock, Journalist CASH NOW MAKES UP MORE THAN ONE-FIFTH OF SELF MANAGED SUPER FUND (SMSF) PORTFOLIOS, ALMOST DOUBLE THE LEVEL BEFORE THE GLOBAL FINANCIAL CRISIS (GFC). Backgrounding this phenomenon is the continuing growth in SMSFs as the preferred vehicle for retirement savings. According to the latest quarterly figures from the Australian Prudential Regulation Authority (APRA), total assets in all super funds grew by 8.6 per cent to $1.36 trillion from March 2010 to March 2011. SMSFs out- performed the general trend with assets jumping 10.3 per cent to $432.4 billion. SMSFs now account for almost one-third (31.8 per cent) of all superannuation assets. In the spotlight: cash's rise to fame It's not just the assets that have grown but also the actual number of SMSFs. As at March 2010, there were 418,525 SMSFs in Australia. This figure had increased 7.0 per cent to 447,620 by March 2011. The reasons for this continued growth can be summed up in three words -- control, flexibility and transparency -- characteristics not always viewed as readily accessible through corporate, industry or retail funds. While money continues to flow into SMSFs, the asset allocation has been changing, particularly in the wake of the GFC.