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 2015-16 to reach $605.8 billion, while industry revenue is forecast to decline at an annualised 9.8% over the same period, to total $45.8 billion. As with any superannuation fund, self-managed superannuation fund (SMSF) revenue is highly volatile as the industry is exposed to equity markets. However, a large portion of industry revenue is also attributed to inward transfers (i.e. rollovers), which are assets that have been transferred into SMSFs from other super funds. Industry revenue grew substantially in 2012-13 as financial markets strongly rebounded and the inflow of funds significantly grew. A... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry for the Self-Managed Superannuation Funds industry are at a low level. Establishing a new SMSF requires little initial capital, with most of the paperwork and initial administration done by legal and accounting professionals. While little initial capital is required to set up SMSFs, it is usually recommended that the fund holds at least $200,000 in assets for it to be economically viable. With the number of firms providing professional services to SMSFs growing, barriers to entry are anticipated 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... purchase to read more