Super Fund Transfers and Wind Ups – Will the rationalisation now occur?
The merger of superannuation funds is becoming a hot topic following several years of scrutiny. Indeed, ASIC recently stated publicly that it will look to litigate against underperforming funds, and this may force at least 100 smaller funds out of the system. Clearly funds which have apparently failed to act on behind the scenes encouragement from APRA to merge may now be forced to do so or to act with far more urgency.
This article examines whether rationalisation will now occur in the industry?
You can read the article here.