Northbridge Administration Services & Financial Consulting

The superannuation industry continues to undergo major rationalisation.

The number of participants has decreased substantially as a result of the demise of the “stand alone” corporate superannuation fund and continuing consolidation within the master trust and industry fund sectors. Whether industry fund or master trust each financial institution has its own agenda. Even those consultants who have been traditionally seen as "independent" have, in the main, lost this focus. Advice to clients may be tinted by other motives i.e. increasing funds under management, encouraging clients to join the institution’s own mastertrust, increasing revenues etc. In the current market it is very difficult to obtain independent advice.

Members are becoming increasingly aware of their superannuation entitlements and are demanding increasing flexibility and the ability to influence the selection of investments for their accrued assets.

Where do trustees and other corporates go to seek the independent advice they need? The answer is NFC!