From www.moneymag.com.au: Consolidation among Australian superannuation funds is increasing, driven by regulatory changes and market forces, which benefits members through lower fees and enhanced retirement outcomes.

The merger of Mine Super and TWUSUPER into Team Super aims to improve sustainability, reduce administration fees, and provide a broader range of services for their members.

KPMG predicts continued consolidation will enhance operational resilience and member services, leading to better management of retirement savings for Australians.