The Self-Managed Independent Superannuation Funds Association (SISFA) expects more attacks on SMSFs in 2014 from industry funds and those parts of the public offer sector neither embracing the SMSF aspirations of their members nor seeking a way to offer direct ownership and an investment choice strategy. 

The relentless media-fuelled debate about speculated changes to superannuation is becoming a broken record where unfortunately all too often the claims and accusations are flawed and certainly counterproductive to building community confidence in the super system.

The SMSF community has had some wins recently, with the government abandoning its proposed related-party transaction restrictions and the progressive introduction of a $35,000 concessional contributions cap in lieu of what would have been a complex system for determining higher cap eligibility.

The Small Independent Superannuation Funds Association (SISFA) believes constant super changes are testing the patience of ordinary Australians wanting assurances their retirement savings won’t be raided to fund budgetary shortfalls, despite the proposed interplay with the Council of Superannuation Custodians.

The Small Independent Superannuation Funds Association (SISFA) believes 2013 will deliver more shocks to the SMSF sector as governments, competitors and regulators try to cope with the fastest-growing sector in what is a rapidly maturing financial services industry still reeling from the global financial crisis.