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
Australia, UK partner to procure well-regulated financial markets
|Following its inaugural meeting in September 2025, the second UK-Australia Joint Financial Regulatory Forum took place this week, with Australia remaining vocal about placing greater emphasis on governance and asset valuation of private markets.
Count takes 30% stake in Brisbane advice firm
|Count has agreed to acquire a 30% stake in Brisbane-based accounting and financial advice firm Apiary Financial, continuing its push to expand its equity partnership network while reporting stronger first-quarter earnings.
Audit quality continues to fall short: ASIC
|The corporate regulator has called for improvements in audit quality and financial reporting after its latest surveillance found companies, including superannuation funds, are still not getting the fundamentals right.
ETFs entering 3.0 era: JPMAM
JPMAM believes thematic ETFs may become a thing of the past as actively managed ETFs become more prevalent.
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
Jacqueline Fernley
CHIEF EXECUTIVE OFFICER
ARC POINT OCIO PTY LTD
ARC POINT OCIO PTY LTD
Jacqueline Fernley is a self-confessed nerd, a market animal and as of this year, her own boss. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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.