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Cameron Stephens Mortgage Capital Announces Appointment of New VP of Origination
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Brother of Highland death crash driver coerced into smuggling drugs into jail
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Wednesday court round-up — Man denies putting his junk in bin
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Wednesday court round-up — Man denies putting his junk in bin
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The consolidation of superannuation funds will be ultimately good for the industry as there are still a number of underperforming funds which will need to find new homes, according to chief executive at Equip and Catholic Super, Scott Cameron.
Following the announcement from Catholic Super that there would be up to 20% in reductions in investment fee for its members, Cameron said that, at the same time, there were a number of smaller super funds in the industry which would be unable to remain competitive.
“I think consolidation ultimately will be good for the industry and some of those underperforming funds will need to probably find new homes but I also think that it needs players that can differentiate themselves and we certainly see that as an opportunity for us to be a differentiator in that medium size but scalable fund of around $50 billion [in funds under management],” he said.