With super funds turning to consultants for everything from asset allocation to merger advice, Super Review has decided it’s time that the consultants were held accountable for the quality of their service offering.
With almost 20 significant players in the consultancy market, ranging from the Big Four accounting firms to rating and actuarial houses to boutiques, superannuation funds face what could be called a tyranny of choice when selecting a provider.
Super Review is rating which consultancies are used most, and the quality of their service, pricing and staff in asset allocation, fund selection, and tender consultancy. This will be done in the same manner as Rate the Raters, the bi-annual market-leading survey on fund ratings houses published by Super Review’s sister publication, Money Management.
If you work at a super fund and have engaged consultants in the past, or indeed are working with one now, please complete our survey here. It will take under ten minutes and your individual responses will not be disclosed.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.