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Superannuation’s consolidation wave thinned the ranks of small funds and set a widely cited $30 billion floor for viability. But the chief executives of two funds well below it say that floor no longer decides who survives — and that member services and a willingness to pilot new ideas now count for more than purchasing power.
Meanwhile, only eight of 45 super funds received a “tick” designation from the Epic Retirement Institute in its latest assessment of retirement offerings, but the research firm that carries them out says the standard of funds’ retirement offerings is nevertheless improving overall.
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