23.02.2011 - Super funds rush to merge: report
From Businessspectator.com.au: Looming regulatory reforms in the retirement savings industry have pushed as many as 30 superannuation funds into various merger talks. Several factors are pushing the superannuation fund sector towards increased consolidation, including a falling number of super accounts in the $1.3 trillion retirement fund sector and government tax relief for merging funds that runs out in June. The industry is also anticipating pressure on trustees to lower fees and improve member returns, according to the report...............................................Full Article: Source
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