Superfund merger activity drives move to ‘mega-funds’

COVID-19 has impacted the super sector in many ways, but it has not stopped the inexorable move towards consolidation in the industry. It may even have accelerated the trend, writes Linda Elkins.

KPMG’s annual Super Insights 2021 report analyses the most current available Australian Prudential Regulation Authority (APRA) and Australian Taxation Office (ATO) data, up to 30 June 2020 covering the whole sector but concentrating on trends in APRA-regulated funds, which represented $2.4 trillion in assets under management (AUM). These fell in number from 171 to 154 in 2019/20. The report shows the trend towards the emergence of ‘mega-funds’ is gathering pace. Once all the publicly annou...

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Authors: Linda Elkins

Published Date: 05 May 2021