Where have all the superannuation ratings houses gone?
Remember when there was SuperRatings standing proudly as a ground-breaker in providing ratings to superannuation funds? Remember when the sometimes irascible Warren Chant set up Chant West?
Well, as readers have probably already noted, these days SuperRatings is all part of research and ratings outfit Lonsec while, in mid-February, we learned that Chant West has been acquired by another research and ratings outfit, Zenith.
Of interest ought to be that the combining of SuperRatings and Lonsec resulted from the private equity involvement of Mark Carnegie, while Zenith’s embrace of Chant West follows from Zenith itself having taken on board some significant private investors.
Rollover reckons that the clear message in all these transactions is that the ratings game is getting tougher and having a foot in both the wholesale and retail markets is an advantage.
The competitive pressure may be rising, but Rollover doubts super funds will be seeing any reductions in fees.
