ANZ’s purchase of the remainder of ING, and new rumblings about ANZ or another major acquiring AMP, shine a light on one of the dirty secrets of the retail superannuation industry: how much control the banks have.
Superannuation industry
A super way to open up the mortgage sector
Commonwealth Bank and Westpac and their subsidiaries now control over 85% of all new mortgages. Adam Barker suggests a way to break the banks’ stranglehold.
Superannuation, not quite scrapping commissions
How fair dinkum is the retail superannuation industry about unhooking itself from commissions? asks Bernard Keane.
