Sargon: Launches SMSF alternative

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Sargon: Launches SMSF alternative

  • Launched an offering that aims to give investors the benefits of self-managed superannuation funds (SMSFs)
  • The Sargon Small APRA Fund (SAF) governed by the Australian Prudential Regulation Authority (APRA) instead of the Australian Taxation Office
  • Sargon would assume the responsibilities and operations that would usually fall to an SMSF member as trustee
  • The product launch came as advisers increasingly look for alternatives to SMSFs as their clients age and compliance requirements increase
  • Rutter pointed to the estate planning provided by the Sargon SAF benefit for members in blended families