Financial Standard Comments - SuperIQ acquires Smartsuper Self-managed super fund (SMSF) provider SuperIQ has acquired former Perpetual business Smartsuper in the latest wave of consolidation in the space. https://www.financialstandard.com.au/feed/latest?story=22591317 Wed, 19 Sep 2012 08:30:04 +1000 Wed, 19 Sep 2012 08:30:04 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Phillip Hey (CA) More expenditure in the AMP group.

Interesting strategy - buy up every one. How much is the spend up to now - $40M.

Perpetual walked away from this strategy with a $16M loss - unable to build scale. ANZ/ING have failed to build scale at Super Concepts.

I suppose acquisition is one way of getting to their 100,000 target funds under administration as set out in the Morgan Stanley assessment. But AMP have a long way to go and how much more will it cost.

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]]> Phillip Hey (CA) Wed, 19 Sep 2012 08:30:04 +1000