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 |
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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.