POWERED BY MOMENTUM MEDIA
Link predicts more fund mergers, lower growth
Major superannuation funds administrator, Link Market Services is predicting more fund mergers but a potential slowing in superannuation fund growth in the wake of the COVID-19 pandemic.
In a presentation delivered to a Macquarie Australia investor conference, Link pointed to the increased pressure and activity placed on administrators as a result of COVID-19, not least the Government’s hardship superannuation early release.
It said that call volumes within its member contact centres had been driven by investment switching, advice and super early release but that a decrease in fund members was anticipated from early access withdrawals.
Looking over the horizon, the Link predicted increased fund merger activity and increased new business opportunities driven by “increasingly complex regulatory and operating environment”.
However, it cautioned that industry growth of new accounts might slow through early access, lower employment growth and lower workforce mobility.
Recommended for you
Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.
A US-based infrastructure specialist has welcomed the $93 billion fund as a cornerstone investor.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
