And don't forget the industry funds who are trying to destroy SMSF's by claiming they don't get returns as high as they do!
Industry funds have been preasuring government intervention to shut down SMSF's so they can get the benefit of wealth transfer into them, now they've been caught out by the same argument in reverse.I don't have any sympathy if they don't have the liquidity that they should have by law and make a declaration to ASIC every year that they do have adequate liquidity. Shoes on the other foot now so stop crying over spilled milk an get on with providing redemption's to those that need it.
If your in an industry fund don't be held hostage and start your own SMSF's so they can't get their grubby maulers on your hard earned money.
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