Fund mergers slowing, future uncertain

28 November 2016
| By Mike |
image
image
expand image

The consolidation of the superannuation industry in the form of fund mergers has slowed and there is doubt about how much further it will progress. This is part four of a survey.

That is the bottom line of the latest Pillar Administration/Super Review survey conducted during the Association of Superannuation Funds of Australia conference. 

Asked whether industry consolidation in the form of superannuation fund mergers had stopped or slowed and whether more would occur, most respondents believed there had been a distinct slowing. 

The survey revealed that 7.4 per cent of respondents believed mergers had stopped, while 60.6 per cent believed it had slowed. 

Importantly, 26.5 per cent of respondents believed there had been no change to the mood of superannuation funds with respect to mergers, and that it was likely that more would occur.

Part one

Part two

Part three

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 4 months ago
Kevin Gorman

Super director remuneration ...

1 year 4 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 4 months ago

Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transf...

6 hours ago

The International Monetary Fund (IMF) has issued a sobering assessment of the global economic landscape in its latest World Economic Outlook, dramatically revised after D...

8 hours ago

Growth from the listed company’s key businesses has propelled Generational Development Group to new milestones in the three months to 31 March....

9 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND