Insto roundup: Allianz bets on India, China; NPS awards four mandates

AUSTRALIA Australian superannuation account holders could gain an average of $16,000 each, or $1.3 billion total, if the 50 smallest high-cost super funds were merged with the 10 biggest low-cost funds, according to a Productivity Commission report released on November 26. The report, which assessed efficiency and competitiveness within the superannuation industry, found that the average fund has grown from about $651 million to $5.8 billion from 2004 to 2017, and administrativ…