Banks will struggle to profit from super: Sunsuper CEOBY JAMES FERNYHOUGH | WEDNESDAY, 23 JUL 2014 12:40PMBanks are going to find it increasingly difficult to make money out of superannuation as the downward pressure on fees continues, according to Sunsuper chief executive Scott Hartley. Related News |
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Robert De Dominicis
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It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
Scott is probably right, but I'm not too sure the banks actually care whether they make money out of super...in fact, I am pretty sure they are prepared to lose money to win a customer who they can cross-sell other profitable products to.