I wasn't suggesting that retail funds are better performing than industry funds, I was using the example of the industry fund adds as an example of not providing all the detail (full disclosure).
SMSF's are terrific and I urge others to do the research & training as I have in order to better understand not only your obligations as a Trustee but also what you can do in comparison to a traditional super fund.
Take the time and learn, it's extremely rewarding, teach your children perhaps the most important skill in life - money management, delay gratification, goal setting/achieving.
I intend to clone out family fund in due course due to a third daughter arriving on the scene (meant in the nicest possible way) and setting up a fund for our three daughters from very early in their life.
The flexibility of a SMSF far outweighs the traditional type of funds, BUT you must understand & accept your responsibilities!
If you're motivated to achieving better returns, give the finacial planning industry the boot, generally speaking they are only their to feather their own nest despite the "sweeping changes" that are supposed to me occuring in the industry.
