The Best Possible Retirement (BPR) Index has revealed that small superannuation funds received higher satisfaction levels than those with industry sector funds.

CoreData’s BPR Index report exhibited the high performance of smaller super funds, amidst an “inevitable” increase in mergers throughout 2022. The report surveyed more than 5,900 Australians aged 45 and above.

The research followed speculation that Australians in the future may need to choose between a select number of mega-funds, if small funds were to continue merging.