From financialnewswire.com.au: Self-managed superannuation funds make up over 25% of Australia’s superannuation industry, with Millennials and Generation X driving new fund establishments, accounting for 85% of the total in the last six months of 2024.

Millennials saw a significant increase in SMSF establishments, growing nearly 5% to 37.3%, while Generation X and Baby Boomers experienced slight declines.

Additionally, about 70% of SMSFs are unadvised, highlighting a growing gap in the demand for financial advice.