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Government wants more super fund mergers

The future of the superannuation industry in Australia is likely to be more consolidated if the government has its way, with a senator calling out a number of funds in a conference address.

Government wants more super fund mergers
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Government wants more super fund mergers

In her role as Assistant Minister for Superannuation, Financial Services and Financial Technology, senator Jane Hume was addressing the Association of Superannuation Funds of Australia (ASFA) when she said mergers of underperforming funds “would make our super system more efficient and could significantly benefit members”.

Read more at Nestegg

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