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Betashares buys Bendigo Bank super arm as it enters retirement market

ETF provider Betashares is acquiring Bendigo Bank’s superannuation arm as part of its bid to take on the $3.5 trillion super sector and establish itself as a broader financial services outfit.

The two companies announced the sale, which is still dependent on regulatory sign-off, on Wednesday morning, following an 18-month search by Betashares for an entry point to the superannuation industry.

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Hannah Wootton is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/betashares-buys-bendigo-bank-super-arm-as-it-enters-retirement-market-20230927-p5e7x4