Q: I am retired and manage my own SMSF (together with my wife) for the past 3 years.
We have still some amounts in frozen managed funds and look for a forum to discuss the topic, but couldn’t see such a forum on your web site. Or have I missed something?
We don’t have a forum for readers to discuss issues between readers, but we do have a comments section where we publish comments from readers.
The GFC hit three years ago and you would expect that the critical cash flow times had settled down for these frozen funds. I have attempted to get information from a major financial organisation about some of these funds on behalf of our readers and the organisation never responded – not a good sign and certainly something the Financial Ombudsman should be interested in. You may also want to consider contacting the Financial Ombudsman about your situation.
We would be very interested in hearing how you go.
I’m currently winding up a fund and faced with the same problem the way forward appears to be arranging off market transfers of the frozen investments.