Australia’s super industry struggles to consolidate
The country's smaller superannuation funds are under pressure to merge to gain critical mass, but doing so is no easy process.
A damning report on the inefficiencies created by many small Australian superannuation funds has put the industry into a period of reflection this year. The Productivity Commission, a state body, published the report in March but, as the government is discovering, rationalising sub-scale players is not an easy task.
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