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Cooperate, consolidate
The chief executive of Tasmanian-based superannuation fund , , has suggested that industry funds need not contemplate consolidation if they are prepared to work together.
Announcing that local government superannuation funds from across Australia would be coming together as part of the , Davey said that while many industry funds were considering consolidation, there was more to be gained by working closely with other funds.
“Bigger is not always better and we don’t want to compromise the excellent suite of services we have been able to deliver to our Tasmanian members,” he said.
Davey said that a cooperative approach represented a great way for funds to gain economies of scale without making compromises.
AUTHOR
Mike Taylor
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