Super IQ doubles after dual acquisitionsBY MARK SMITH | FRIDAY, 1 NOV 2013 12:30PMSuper IQ's acquisition of Super Concepts means the self-managed super fund (SMSF) provider has doubled in size in the last month. Related News |
Editor's Choice
Future Group to internalise super trustee structure
Future Group is acquiring WTW's superannuation licensed entity, Stewarda, to establish trustee capabilities in house.
Natixis names chief executive for Mirova
Natixis Investment Managers has promoted an executive from another affiliate to succeed the outgoing chief executive of Mirova, Philippe Zaouati, effective July 1.
ASIC calls out platform trustees: 'Clear breach of trust'
ASIC has called out superannuation trustees for not doing enough to protect retirement savings of Australians on platforms even after repeated warnings from regulators about the dangers of poor oversight.
HMC Capital wins $1.3bn private credit insto mandate
HMC Capital has won two global institutional mandates of $1.35 billion for its private credit strategy in Australian commercial real estate (CRE) lending.
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
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
So with the Tranzact purchase and the Super Concepts purchase the total number of funds acquired by AMP SMSF will approach 15,000.
After having a 10 year start on everyone else ANZ/ING have bailed out. They have seen the light - you do not need to own an administration business to be in the SMSF space. SMSF administration is a commodity.
The administration businesses are all in a mad scramble to the bottom in relation to fees. Margins are falling. While technology (the great saviour) can deliver scale it will inevitably lead to a lack of personal service and -
- Very few trustees require whizz bank platforms with iThingy access.
- Basic advice will incur significant additional fees
- Trustees will be pushed back towards an adviser (the very antithesis of why they set up an SMSF in the first place).
In summary the trustees of SMSFs will be worse off.