Is corporate super an endangered species?
With consolidation continuing to occur in the superannuation funds sector, the Association of Superannuation Funds of Australia (ASFA) national conference in Melbourne will discuss whether the days of corporate superannuation funds are numbered.
Representatives of two of Australia’s largest remaining corporate superannuation entities — Joanne Farrell, general manager, human resources, Comalco Aluminium Limited and Allan Murphy, superannuation manager, South Pacific, BOC Limited — will discuss the future for corporate funds.
ASFA is suggesting that while it is true that many corporate super funds have folded into master trusts and industry funds this does not necessarily represent the extinction of a species.
The debate comes at a time when the Australian Prudential Regulation Authority has suggested there could be as few as 450 trustee entities by the middle of next year.
The debate is expected to centre on what motivates corporate fund trustees to take the decision to fold into retail master trusts and industry funds and what motivates them to maintain their existing arrangements.
AUTHOR
Mike Taylor
Recommended for you
In the latest episode of Relative Return Insider, host Maja Garaca Djurdjevic and AMP’s Shane Oliver break down US and Australian rate cuts, soaring gold, and bitcoin’s volatility.
In the latest episode of the Relative Return Insider, host Maja Garaca Djurdjevic and AMP’s chief economist Shane Oliver unpack the surprising twists in the Australian economy, diving into the latest GDP numbers, what’s really driving consumer spending, and what it all means for the Reserve Bank’s next moves.
In this episode of Relative Return, host Laura Dew chats with Roy Keenan, co-head of fixed income at Yarra Capital Management, to discuss the evolving fixed income asset class, his sector preferences, and the RBA’s rate-cutting policy.
In this week’s episode of Relative Return Insider, AMP chief economist Shane Oliver joins the show to dissect the ongoing government economic reform roundtable and reflect on the wish lists of industry stakeholders – and whether there is hope for meaningful reform.
