Industry, APRA mull super merger costsBY JAMIE WILLIAMSON | THURSDAY, 17 SEP 2020 12:39PMSuperannuation industry stakeholders are in talks with the prudential regulator to devise a lower cost option for fund mergers, with smaller funds currently facing the potential of being priced out of merger opportunities. Related News |
Editor's Choice
Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure
|Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business.
Sequoia revokes dividends, chief financial officer exits
|Sequoia will not pay any dividends in the financial year, revoking interim dividend it had announced earlier in the year of one cent per share, as an adviser exodus puts pressure on its revenue.
Acclaim Wealth names chief executive
|The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm.
Global X cuts fees on gold ETF
|Global X has reduced fees on its Gold Bullion ETF, following in the footsteps of VanEck after it cut fees for its gold ETF last week.
Videos
Brought to you by ![]()
Further Reading
Products
Expert Feed
When geopolitics becomes a portfolio risk
Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.
Does association membership still matter?
With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...
Digital assets and where they stand in 2026
So far in 2026 digital assets have captured the headlines largely for the wrong reasons, but that doesn't tell the full story.
Rethinking default design in a changing market environment
The evolution underway in the US DC system highlights the value of periodically reassessing default design assumptions.
Featured Profile
Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
There are a couple of contributing factors. Firstly, most super funds, and especially small to medium size have poor data management which makes initial due diligence and then actual merging expensive. Some smaller funds may get "left on the shelf". Secondly, funds are merging one at a time. We haven't yet seen (I think) the "mega merge" with multiple (ie. more than 2) funds merging together at the same time. Admittedly this will be daunting to many but if economies of scale are a reason for merging, then there can be economies obtained in merging multiple instances at the same time.