Industry super to offer more financial services
Industry Superannuation funds will benefit from the merger of Members Equity (ME) and Industry Funds Services (IFS). Industry Funds Management will invest across all asset classes over the next twelve months. ME director Garry Weaven said industry funds had created competition in super and will move increasingly to offer a full range of financial products. He asked if commercial funds were trying to compete in misinformation and said that all competition was not non-price.