SuperIQ acquires SmartsuperBY MELANIE TIMBRELL | TUESDAY, 18 SEP 2012 12:05PMSelf-managed super fund (SMSF) provider SuperIQ has acquired former Perpetual business Smartsuper in the latest wave of consolidation in the space. |
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Brian Redican
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NEW SOUTH WALES TREASURY CORPORATION
NEW SOUTH WALES TREASURY CORPORATION
What makes an economist an economist? TCorp chief economist Brian Redican reflects on over three decades of navigating Australia's economic cycles. Riddhima Talwani writes.
Interesting strategy - buy up every one. How much is the spend up to now - $40M.
Perpetual walked away from this strategy with a $16M loss - unable to build scale. ANZ/ING have failed to build scale at Super Concepts.
I suppose acquisition is one way of getting to their 100,000 target funds under administration as set out in the Morgan Stanley assessment. But AMP have a long way to go and how much more will it cost.