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Fraud an issue for SMSF’s

Posted on 23 May '12 by , under General News.

Accountants and financial advisers who promote self-managed super funds (SMSF), may now have to inform clients of the loss of protection when a contributor  shifts from a regulated fund to an SMSF.

A recently released Parliamentary report into the collapse of Trio Capital has sheds some light on the pitfalls of managing a SMSF, naming fraud as a significant issue.

If possible a contributor should sign a form of acknowledgement, accepting this risks.  If you have any questions, contact your account who will discuss the matter further with you.

Fraud an issue for SMSF’s

Posted on 23 May '12 by , under General News.

Accountants and financial advisers who promote self-managed super funds (SMSF), may now have to inform clients of the loss of protection when a contributor  shifts from a regulated fund to an SMSF.

A recently released Parliamentary report into the collapse of Trio Capital has sheds some light on the pitfalls of managing a SMSF, naming fraud as a significant issue.

If possible a contributor should sign a form of acknowledgement, accepting this risks.  If you have any questions, contact your account who will discuss the matter further with you.