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As homegrown competition intensifies and offshore players eye Australia’s retirement savings, the industry funds are now “frenemies”. Reinvigorating the collaborative model will be the key to their survival.
As the super funds race towards massive size, the sector is still grappling with the positives and negatives for investments and culture.
Big super seems to be experiencing an identity crisis. But former federal treasurer Wayne Swan has provided a unifying vision for Australia’s gargantuan pool of retirement savings. Former federal treasurer Wayne Swan’s speech at ASFA’s 2022 conference comes as super experiences something of an identity crisis. Executives are fretting over how to maintain their culture…