Search

Super responsibility

THE majority of do-it-yourself super fund investors mistakenly believe they are not responsible if their fund is in breach of regulations, a Tower Trust survey has revealed.

Tower Trust said 80 per cent of survey participants who had DIY super thought their accountant or financial adviser was ultimately responsible.

This was only the case if investors appointed a professional trustee company to assume legal liability for compliance, Tower Trust superannuation services manager Peter Burgess said.

Add your comment

BNIQ sponsored byECU School of Business and Law

Students

6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-Saferight8,000
49 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer