The proposed decoupling of superannuation from Modern Awards will shake up the market, in particular for Not-For-Profit Funds.
SPP analysed the deregulation proposal and what the evolving landscape may look like in the next 3-5 years and found that member growth and retention will likely be a significant challenge.
NFP Funds will need to focus on customer experience to reduce member attrition. Also, large and medium sized employers are likely to be inundated with offers as Retail Funds gain new access under deregulation.
Phil Noble is the Founder and Managing Partner of SPP. He is an experienced General Manager, Consultant and Entrepreneur and has worked in a wide range of industries including financial services, telecommunications, infrastructure and Not for Profit. Phil has...
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