The Australian Institute of Superannuation Trustees’ mooted merger with Industry Super Australia is easier said than done.
Australia’s superannuation industry speaks with less of a voice than a cacophony, given at least four separate industry bodies can justifiably claim to represent it.
There’s Industry Super Australia, by far the most exclusive, well-known and politically powerful grouping, whose incessant advertising on the industry super movement’s superior returns drives everyone else in the sector batty. ”, the status quo is harder than ever to justify. And if a crunch is coming from the super lobbying sector, the best defence is size.delivered to an industry titleBoth bodies represent the not-for-profit super fund industry. Merger discussions are continuing, but the tie-up is facing serious opposition.
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