Exploring SMSF Satisfaction

SMSF Satisfaction Continues To Soar In 2024

The recently published Roy Morgan Superannuation Satisfaction Report offers valuable insights into the satisfaction levels across different superannuation fund categories. 

Among the findings, one standout revelation is the significant increase in satisfaction within Self-Managed Superannuation Funds (SMSFs), surpassing all other categories by a considerable margin.

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SMSFs Leading the Satisfaction Charge

According to the report, SMSFs have seen a remarkable surge in customer satisfaction, jumping by 2.4 percentage points to reach an impressive 76.8%.

This surge marks the highest satisfaction level recorded for SMSFs in nearly two years, solidifying their position as a preferred choice for many investors.

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SMSFs vs. Industry And Retail Funds

In contrast, industry and retail funds have seen more modest increases in satisfaction, with an average rate of 66.7%.

This disparity underscores the distinct appeal of SMSFs in meeting investor needs.

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The Modest Gains Of Industry Super Funds

Industry super funds have experienced a modest rise in satisfaction, with a 1.7% increase since July 2023. 

While noteworthy, this increase falls short of the substantial leap observed in SMSFs.

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Retail Funds Struggling for Satisfaction

On the other hand, satisfaction levels for retail funds remain stagnant, with only a 0.4 percentage point increase. This stagnant growth reaffirms retail funds' position as the category with the lowest satisfaction levels.

Conclusion

The latest Roy Morgan report sheds light on the evolving landscape of superannuation satisfaction.

SMSFs and their significant surge in satisfaction underscores their growing appeal among investors. 

Are you looking to begin your SMSF journey with Supavest? Get in touch with the team today to find out your next steps! 

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