Self managed super fund (SMSF) members are eyeing international shares and direct residential property, but are unsure about how to deal with the associated currency risk when investing abroad.
A survey by CompareSMSF found that, Australian shares aside, the asset class most favoured by SMSF members was overseas equities, with 37 per cent saying they were most likely to invest in offshore in 2008. Twenty-two per cent of members expressed interest in direct property.
Meanwhile, CommSec has crushed the competition in the DIY investment space, winning almost six times the combined market share of its nearest competitors, the newly merged InvestSmart and Direct Access.
A report by Wealth Focus revealed 69 per cent of DIY investors were using CommSec as their main DIY investment broker in 2007.
Regulation1
E&P sees Dixon in rearview mirror while advisers foot the bill
The parent company of Dixon Advisory, E&P Financial Group, has told the market its legacy issues are behind it, while preaching its core values of putting clients first and acting with integrity. Meanwhile, former Dixon clients are left on their own to fight for compensation and advisers and licensees are left to foot the bill. Simon Hoyle and Chris Dastoor write it’s par for the course for a flawed scheme design and a “diabolical” funding model.
Chris Dastoor and Simon HoyleAugust 29, 2024
