Super sector faces rising costs as funds fight for active members

From

Stuart Robert

Super funds are battling to improve active member ratios while operating costs per member are rising across the sector, with long-term implications for the sustainability of smaller funds.

These are just some of the findings to be released today from the SuperRatings’ annual review of funds to a gathering of superannuation industry executives, fund managers and policy makers.

The SuperRatings annual Day of Confrontation brings together leaders in the sector to examine key trends and risks across superannuation and retirement. It includes the first major speech to the sector by newly appointed Assistant Treasurer Hon Stuart Robert MP and a panel on the future of financial advice that includes Senior Manager, Financial Advisers for ASIC, Ms Kate Metz.

Those discussions will be accompanied by a presentation by SuperRatings Executive Director Kirby Rappell on the findings from the ratings house’s annual review of fund performance and strategic risks and opportunities.

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