Industry Analysis & Industry Trends
The Self-Managed Superannuation Funds industry has continued its rise over the past five years. Industry assets are forecast to increase at an annualised 7.9% over the five years through 2014-15 to reach $575.4 billion, while industry revenue is forecast to decline at an annualised 2.4% over the same period, to reach $55.3 billion. A large portion of industry revenue is attributed to inward transfers (i.e. rollovers), which are assets that have been transferred into self-managed superannuation funds (SMSFs) from other super funds. As with any superannuation fund, SMSF revenue is highly volatile as a result of the industry's large exposure to equity markets. Industry revenue grew substantially in 2012-13, due to a strong rebound in the local sharemarket. A... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry within the industry are low. Establishing a new SMSF requires little initial capital, with most of the paperwork and initial administration done by legal and accounting professionals. SMSFs have no trouble obtaining customers, since it is the customers that set them up in the first place. With the number of firms providing professional services to SMSFs growing, barriers to entry are expected to decrease over the next five years.
Initial capital outlays consist mainly of setup costs. These constitute a fee paid to a licensed financial advisor, which is calculated as a percentage of the assets being transferred into the fund. Set-up costs also vary depending on the type of services included in the initial package... purchase to read more