Fund mergers slowing, future uncertain
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.
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