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
Advisers lean on AQF7 to meet education standards: Rainmaker
A new report indicates that Australian Qualifications Framework (AQF) 7 qualifications are the most common forms of qualification among financial advisers, held by 85% of the population.
Labor commits to compulsory super for under-18 workers
Labor has unanimously supported extending superannuation to under-18 Australian workers.
Trump slugs Australia with new 'forced-labour' tariffs
US President Donald Trump will slug trading partners, including Australia, with new tariffs of 10% to 12.5% on the premise of pressuring foreign governments to strengthen bans on "the importation of goods produced with forced labour."
Centuria quashes governance allegations amid fund downgrades
Centuria Capital Group has swiftly provided a response to media reports suggesting that its exposure to the Bathla Group, a Sydney-based property constructor and developer, raised questions over its governance, following a downgrade of one of its private credit funds this 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
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!