New entrants little threat
Australia’s existing superannuation funds have little to fear from the entry of new players such as Virgin Super and MaxSuper, according to the latest IUS/Super Review Super Outlook survey.
However, most respondents seem to believe the new players have simply crowded an existing market rather than filled a particular niche.
Asked whether the entry of the new funds represented a threat to the activities of existing funds, most respondents (71.4 per cent) said “no”. Significantly, however, respondents from smaller funds were among those who suggested that the new entrants did represent a threat.
Respondents were much more divided on the question of whether the new funds had actually filled a niche in the Australian superannuation market, with most (57.1 per cent) believing this was not the case.
AUTHOR
Mike Taylor
Recommended for you
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.
In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford take a look at the Reserve Bank’s latest rate cut call, the factors influencing the unanimous decision, and what economists expect from the rest of the year.
In this episode of Relative Return Insider, host Keith Ford is joined by Accountants Daily journalist Imogen Wilson to take a look at why there has been such broad support for a more comprehensive tax reform discussion at the Treasurer’s economic roundtable.
In this week’s episode of Relative Return Insider, AMP chief economist Shane Oliver joins the show to discuss Australia’s stagnating productivity ahead of the government’s economic reform roundtable, and how picking all the “low-hanging fruit” for reform in the ’90s helped kick off a surge that has since stalled out.
