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Consolidation accepted
The superannuation industry remains divided on the question of consolidation, albeit that most people are accepting the new reality.
The IUS/Super Review Super Outlook survey pointed out that Australia might have as few as 300 registrable superannuation entities as a result of trustee licensing, and asked whether the industry was consolidating too quickly.
The survey then revealed an industry somewhat divided on the consolidation process, with 36.6 per cent indicating they believed it had occurred too quickly, while 63.4 per cent indicated that it had occurred at about the right pace.
AUTHOR
Mike Taylor
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