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Hi Peter,
The recent Global Financial Crisis has meant that a lot of retired people have had cause to review their super. Please be aware that there are penalties for giving financial advice when not licensed. This restriction will probably limit the information you get from other IIS forum members.
Advisors are being encouraged to work on a "Fee for Charge" basis ( an hourly rate). Alternatively, a Licensed Investment Advisor will probably have a leaning toward a Fund or Funds that gives them an income from the clients (and their money) that they introduce ( commisson basis as a %). Either way, the subsequent investments they make on your behalf provides the pension that you receive from your Allocated Pension. Allocated Pensions are generally invested in medium to low risk investments.
With your own SMSF it becomes your responsibilty to invest your hard earned cash. There are many pitfalls. On the other hand, there are many sources of education to help you find your way through these complex matters.
Investing in the Share Market can be very pleasing when you get it right but you must be prepared to incur losses from time to time. You need a passion to be successful. Some years you can do very well, others become just so so. It takes time, patience, cash and common sense.
Are you prepared to discuss your funds "performance/treatment"?
What specific things have made you "less than happy"'?
Send me a p.m. if you don't want to go public.
Peter
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