SMSF satisfaction continues to grow in 2023 with SMSF members showing high levels of satisfaction regarding their overall experience.
The 2023 Super Satisfaction Report, conducted by Roy Morgan found that satisfaction for SMSFs as of June 2023 sat at 74.4%.
While satisfaction as a whole decreased due to the COVID-19 pandemic between 2020 and 2022, SMSF satisfaction proved to be resilient.
On the other side of the superannuation spectrum, industry and retail superfund, satisfaction proved far less resilient, currently sitting at 71.2%.
One of the reasons satisfaction has remained consistently higher for SMSFs is due to the power of choice offered by SMSFs.
Industry and retail superfunds are boxed in when it comes to how super money is invested.
Therefore, in times of strife such as the COVID-19 pandemic, industry and retail super funds must rely on the knowledge of the said superfunds and the experts that make the decisions.
On the other hand, SMSF members have a range of investment avenues they can go down in order to avoid more volatile investment decisions.
Are you tired of industry superfunds letting you down and are you feeling dissatisfied?
There is a solution, SMSF property investment!