Most of our clients have had similar performance in their SMSFs as did the two Lindfield Funds that we advise on, mentioned in the next section.
What one needs to remember is that managed funds include a sizeable proportion in the share market. The market is subject to cycles both over the long term and within a year and are subject to reporting on a fixed date. 2015/16 was a down year.
Lindfield Superannuation Fund
If you’re looking for an alternative superannuation fund to the large retail and industry funds and don’t want to manage your own SMSF, the team at Peter Vickers Investment Services (PVIS) are able to offer you the following products;
The Lindfield Superannuation Fund for the accumulation phase of your life and The Lindfield Pension Fund. The original Lindfield Fund started in 1989 and a pension option was added later as our members reached pension age. The Funds are unique in offering a personalised service, possible because we’re a smaller firm, with expertise and knowledge gained from over 3 decades of superannuation management and advice.
The Fund’s investment decisions are made by Peter Vickers. Beta funds are termed Growth Funds as they focus primarily on share investments. That is, 50% are invested in Domestic Shares, 10% International Shares, 10% in Property Trusts, 25% Fixed Interest and 5% held in cash. The unaudited performance of the fund over the last financial year was consistent with the market for last year with Accumulation Fund down at – 0.80%, whilst the Pension Fund was 0.40%. If we look at the September quarter this year, Accumulation gained 2.98%, Pension gained 2.22% and last financial year (2015) The Lindfield Superannuation Fund achieved 7.91% growth.
Our stocks are selected based on long-term investment returns and hence it is important to remember that present performance is not an indication of future performance.
To members who require insurance, the Lindfield Superannuation Fund also offers life, TPD and income protection through insurer AIA. One member was fortunate to get the right advice from our office to apply for insurance through the super fund and last year made a successful claim due to injury.
If you would like to further details about the fund or have any questions, please don’t hesitate to call Heather Leung.