wow that Self Managed Super is now 30% of all funds.......haven't heard much discussion of this amongst friends etc.
The self-managed super fund industry continues to grow. There are more than 534,000 funds and total membership exceeds 1 million. This represents an increase of 21.3 per cent in the number of small funds over the past four years, the report said.
Self-managed super funds assets now exceed $557 billion, representing 30.1 per cent of total superannuation assets under management across the retirement system.
Read more: http://www.smh.com.au/business/retirement-funds-in-property-approach-9-billion-20141030-11efgq.html#ixzz3HeCVgv00