Niche super funds cooperate to avoid mergingBY JAMES FERNYHOUGH | FRIDAY, 8 NOV 2013 12:25PMAs compliance costs for super funds skyrocket, small super funds are cooperating to find ways of achieving scale without having to merge, according to IFAA trustee services manager Michael Corcoran. Related News |
Editor's Choice
Brighter Super launches lifetime income product in accumulation phase
|The $38 billion super fund has teamed up with TAL to offer members a lifetime income product while still in the accumulation phase.
FinCap beefs up treasury capabilities
|FinCap has welcomed a new member to help scale the firm's private markets managed accounts offering.
smartMonday tweaks fees, MySuper structure
|The super fund is transforming its MySuper LifeCycle structure by shrinking nine options into four distinct categories, while making changes to its investment and administration fees
Former Berndale director jailed for $700k in misused funds
|Former Berndale Capital Securities director Stavro D'Amore has been sentenced to almost four years' imprisonment after admitting to dishonestly misusing nearly $700,000 of company funds and authorising false statements to ASIC.
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
Hugh Killen
MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
AUSTRALIAN AGRICULTURAL COMPANY LIMITED
For Hugh Killen, several life lessons came from spending time on pastoral properties stretching across northern New South Wales and South-West Queensland.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
MySuper is driving a homogenous product offering and small funds will need to fight harder to maintain their niche. Working collectively to drive efficiency be that through compliance or investing will be part of the solution. Those that survive will also have to differentiate their product and align it to their specific fund member demographics. A default option using the MySuper next generation Lifecycle exemption and factors beyond just age is the way forward. This allows for optimisation of investment of risk profiles using members projected retirement outcomes, higher member satisfaction and hence an ability for these funds not only to survive in a MySuper environment but thrive. They just need to be leaders in adopting this Australian innovation rather than followers!