Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Matchmaking mergers

Outsider/Mergers/superannuation/

3 September 2021
| By Outsider |
image
image image
expand image

The superannuation industry is going through a period of consolidation via mergers and Outsider believes he can use some real-life experience to help the process.

What sparked Outsider’s idea was during a super conference, an industry fund chief investment officer was asked what their ideal merging partner would be.

Obviously, it might have created some interest from the regulators should they have mentioned funds by name, but as the CIO danced around the question, they ended describing what sounded like a list of traits for their own ideal mate. 

This included being purpose driven, responsible with how they use their money, sharing the same beliefs, and ideally from a similar line of work.

However, Outsider notes that matchmaking is not always successful given NGS Super and Australian Catholic Super recently called off their merger.

Now it’s been a while since Outsider has needed to find a merging partner for himself, but he is quite confident he could set up a matchmaking service for super funds. After all, back in the day, your humble Outsider had no trouble finding matchmaking his own friends.

As with traditional matchmaking services, candidates can list their ideal traits of a (merging) partner and the matchmaking service can come back with something more realistic.

And just like with those matchmaking services, Outsider promises to make them as dehumanising as possible.

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 weeks 2 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

4 weeks 2 days ago

So we are now underwriting criminal scams?...

7 months ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks 4 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

4 weeks 1 day ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

1 week 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND