Industry fund NGS Super has released a new tool to counter inaccurate information aimed at consumers about SMSF establishment and management.
NGS Super boss Anthony Rodwell-Ball said the tool was developed after “member research” detected many were at risk from SMSF information that is “biased, conflicted or just scaremongering”.
“The SMSF Profiler is an online, multiple choice questionnaire that assesses an individual’s suitability for managing their own SMSF across pivotal areas; asking critical questions that need to be considered, guiding them to make an informed decision,” Mr Rodwell-Ball said.
“It is designed in such a way that should members find that they have the attributes and time to run an SMSF once using the tool, this conclusion is delivered to them transparently in the findings.”
The industry fund says the tool shows it is acting in accordance with its “responsibility” to educate and inform members about the positives and negatives of various super options.
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