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Is APRA over-stepping the mark on fund mergers?


Rowell openly stated that some of the current mergers being discussed were not to APRA’s liking.
“Over the past eight years, about 70 APRA-regulated funds have finalised mergers, and there are currently around a dozen potential mergers under consideration that we know of,” she said. “While this is welcome, we’re not convinced all of these mergers are producing a new entity that has either the governance capability or the scale to be sustainable over the long-term.”
“The emerging industry view seems to be that any fund with less than around $30 billion in assets under management is increasingly going to be uncompetitive against the so-called ‘mega-funds’,” she said. ....

Helen Rowell , Australian Prudential Regulation Authority , Media Super , Club Plus , Major Superannuation Funds , Fund Mergers , ஹெலன் ரோவெல் , ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம் , மீடியா அருமை , சங்கம் ப்லஸ் , முக்கிய சுப்பெறன்ணுஅதிோன் நிதி ,