Welcome to On Background, a new series from Investment Magazine where our experienced team of journalists take you behind the news and dig into the context behind the biggest stories shaping Australia’s asset owner landscape.

At the tail end of last week, MUFG Pension & Market Services announced that it would acquire smaller rival Grow Inc. in a further consolidation of super fund service providers. The team unpacks what this means for the industry’s competitive dynamics.

On the retirement front, the team examined the two phases of retirement super funds need to get across and why most funds are only good at the first.

Hosted by Investment Magazine editor Lachlan Maddock, joined by Retirement Magazine editor Simon Hoyle and APAC correspondent Darcy Song. Join the conversation every Friday. Produced by Harvey McKay with marketing content by Jack Smith.