How beneficial are super fund mergers really?
Over the last few years the superannuation industry has seen significant consolidation of funds as larger players open their doors to merger activity with the promise of lower costs, increased efficiency, and ultimately better member outcomes.
Economies of scale are certainly one way to achieve these features, but recently Spirit Super chief executive Ross Barry spoke of some of the myths associated with super fund mergers, arguing that they don't always lead to such scale benefits.
In this episode of Financial Standard, Ross joins editor Jamie Williamson to discuss some of these misconceptions, management and administration of the process, and the evolving future of the industry landscape.
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