With the tax white paper slowly winding its way through the maze of government processes, I was reminded recently of that famous quotation: “Those who cannot remember the past are condemned to repeat it.”

The offer to address the 13th International Convention of Independent Financial Advisors forum in Monaco on Australia’s SMSF system made me pause to reflect on the strength of our sector of the superannuation industry. So often we get tied up in the day-to-day minutiae that we fail to sit back and appreciate just how much has been achieved.