Original article by Sally Patten
The Australian Financial Review – Page: 26 : 8-Mar-18
NMG Financial Services Consulting has forecast that Australia’s industry superannuation funds will have more assets under management than retail funds by 2019. Data from NMG shows that industry fund AustralianSuper has replaced AMP as the nation’s largest super fund. It boasted some $A120bn worth of assets under management at the end of 2016-17, compared with $A118bn for AMP. AustralianSuper’s net inflows for 2017 totalled $A7bn, while many large retail funds had net outflows.
NMG FINANCIAL SERVICES CONSULTING LIMITED, AUSTRALIANSUPER PTY LTD, AMP LIMITED – ASX AMP, NMG FINANCIAL SERVICES CONSULTING LIMITED, UNISUPER LIMITED, REST SUPER PTY LTD, HEALTH EMPLOYEES’ SUPERANNUATION TRUST AUSTRALIA LIMITED, SUNSUPER PTY LTD, HOST-PLUS, QSUPER LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, STATE SUPER SCHEME, IOOF HOLDINGS LIMITED – ASX IFL, SUNCORP GROUP LIMITED – ASX SUN, AUSTRALIA POST SUPER PTY LTD, MINE WEALTH AND WELLBEING