Move by SMSF Association into trustee space “gaining momentum”

SMSF Association, SMSF trustee members, Trustee Knowledge CentreA move by the SMSF Association to enlist trustee members is gaining momentum, according to SMSF Association CEO Andrea Slattery.

Recent SMSF Association Technical Conferences were told that there is a growing recognition that better-informed trustees are a core benefit for SMSF advisors.

“It’s the Association’s firm belief, based on sound research, that better-informed and educated trustees are more likely to seek specialist advice,” Slattery said.

“We have developed our Trustee Knowledge Centre website to target SMSF trustees not using advice, as well as assisting our specialist members educate their clients.”

“As many of our members have said when their clients use the trustee education service, the fact they are more knowledgeable makes their job easier in provide genuine strategic advice.”

The SMSF Association Trustee Knowledge Centre website says members will “have access to accredited experts including the leaders in the SMSF field, and we’ll keep you updated on the latest SMSF news, changes and opportunities. Take care of your fund and it will take care of your future”.

Slattery also told the conference attendees that the next 12 months were “critical” for the superannuation sector, and SMSF advisors need to lead the way in terms of professionalism.

“There is a strong realisation across the multi-disciplinary professions that comprise the membership of the SMSF Association that they can’t afford to wait for the government to say ‘enough is enough’ and then legislate to protect consumers.”

“The SMSF profession needs to remain on the front foot. Although it’s widely recognised by government, regulators and higher education institutions that SMSF specialists are ahead of the game, what impressed me was the fact that no one at these conferences was suggesting they did not need to do more in terms of professional development to further enhance their skill set.”

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