Original article by Sally Rose, Sally Patten
The Australian Financial Review – Page: 3 : 3-Aug-16
The market power of bank-owned retail superannuation funds will be scrutinised by the Productivity Commission as part of its review of vertical integration in the banking sector. The Commission has released a draft report on the first stage of its review, and a consultation process on the draft report remain open until 9 September 2016. Productivity Commission deputy chair Karen Chester says a key issue is whether super fund members are benefiting from the economies of scale generated by vertical integration.
CORPORATES
AUSTRALIA. PRODUCTIVITY COMMISSION, INDUSTRY SUPER AUSTRALIA PTY LTD, FINANCIAL SERVICES COUNCIL, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY