Q+A: Record numbers are setting up SMSFs - and they’re getting younger

Self-managed super funds have hit a new record, with more than 680,000 SMSFs now holding over $1.1 trillion in assets. And it’s not just older Australians making the move: Gen X and Millennials accounted for almost 90 per cent of newly established funds.Recorded live at Class Ignite 2026, Sean Aylmer speaks with Class CEO Tim Steele, SMSF Association CEO Peter Burgess and Heffron Managing Director Meg Heffron about the findings of the Class 2026 Annual Benchmark Report. They discuss what’s driving the surge in new SMSFs, why billions of dollars are moving from industry funds into SMSFs, where that money goes when members leave, and what the data reveals about property borrowing and the changing profile of SMSF members.This episode was recorded at Class Ignite 2026. Class is a supporter of Fear & Greed.This is general information only, and you should seek advice tailored to your circumstances before making investment decisions.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.