Experiences of current and former members of self-managed superannuation funds

Thorp, S; Bird, R; Foster, FD; Gray, J; Raftery, A; Yeung, DCS

Experiences of current and former members of self-managed superannuation funds

Thorp, S Bird, R Foster, FD Gray, J Raftery, A Yeung, DCS

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Publisher:: SAGE Publications
Publication Type:: Journal Article
Citation:: Australian Journal of Management, 2021, 46, (2), pp. 304-325
Issue Date:: 2021

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Field	Value	Language
dc.contributor.author	Thorp, S
dc.contributor.author	Bird, R
dc.contributor.author	Foster, FD
dc.contributor.author	Gray, J
dc.contributor.author	Raftery, A
dc.contributor.author	Yeung, DCS
dc.date.accessioned	2021-05-04T02:47:42Z
dc.date.available	2021-05-04T02:47:42Z
dc.date.issued	2021
dc.identifier.citation	Australian Journal of Management, 2021, 46, (2), pp. 304-325
dc.identifier.issn	0312-8962
dc.identifier.issn	1327-2020
dc.identifier.uri	http://hdl.handle.net/10453/148601
dc.description.abstract	<jats:p> We surveyed 854 current and 147 former members of self-managed superannuation funds (SMSFs) in 2016. The results of our survey document their aspirations, operational practices and experiences. Both current and former members expressed high general interest in superannuation, but ‘detractors’ of SMSFs outnumbered ‘promoters’. SMSF members said they enjoy ‘control’ of investment, but a majority delegated tasks to financial professionals. Three times as many members rated the performance of their fund as above the SMSF average as below, although most did not measure the performance of their fund adequately. The probability of closing a SMSF is significantly higher if members use net returns, rather than other indicators such as account balance, to judge performance. </jats:p><jats:p> JEL Classification: H55, H75, J32 </jats:p>
dc.language	en
dc.publisher	SAGE Publications
dc.relation.ispartof	Australian Journal of Management
dc.relation.isbasedon	10.1177/0312896220936338
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	15 Commerce, Management, Tourism and Services
dc.title	Experiences of current and former members of self-managed superannuation funds
dc.type	Journal Article
utslib.citation.volume	46
utslib.for	15 Commerce, Management, Tourism and Services
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Finance Discipline
utslib.copyright.status	closed_access	*
pubs.consider-herdc	true
dc.date.updated	2021-05-04T02:47:41Z
pubs.issue	2
pubs.publication-status	Published
pubs.volume	46
utslib.citation.issue	2

Abstract:

We surveyed 854 current and 147 former members of self-managed superannuation funds (SMSFs) in 2016. The results of our survey document their aspirations, operational practices and experiences. Both current and former members expressed high general interest in superannuation, but ‘detractors’ of SMSFs outnumbered ‘promoters’. SMSF members said they enjoy ‘control’ of investment, but a majority delegated tasks to financial professionals. Three times as many members rated the performance of their fund as above the SMSF average as below, although most did not measure the performance of their fund adequately. The probability of closing a SMSF is significantly higher if members use net returns, rather than other indicators such as account balance, to judge performance. JEL Classification: H55, H75, J32

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/148601