How Australia’s super fund mergers can create deeper portfolios
Australia's superannuation industry will soon comprise four to five A$200 billion megafunds, with room for a few smaller, niche funds, experts say.
The ongoing spate of superannuation fund mergers will end up creating a handful of huge funds that boast the resources to broaden out portfolios, cut costs and add expertise, say senior super executives.
QSuper and Sunsuper will be the latest to form a new super-entity. The Queensland government approved their consolidation on March 15, and if it goes ahead as planned in September it would create a A$200 billion ($154.6 billion) behemoth that overtakes Aware Super as Australia’s s…
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