We’re pleased to announce that we’ve started discussions with VicSuper to explore the benefits of a merger.
We are still in the early stages of discussions. However, we both believe a merger that builds on our shared heritage, values and strengths could provide significant benefits for our members.
The opportunity to achieve greater scale through a merger like this could help us create even better member outcomes through superior services and broader investment opportunities, delivering strong, sustainable investment returns.
Combined, we would become one of Australia’s largest super funds, managing more than $110 billion in retirement savings for more than 1.1 million members.
We both believe in the importance of financial advice to help our members make the most of their retirement savings, and many of our members come from similar and complimentary industry sectors.
The current discussions are exploratory only, neither fund has made any decision to merge and there is no obligation to proceed. The priority of both funds is to act in our members' best interests. While discussions are underway we’ll continue to provide the same quality service to members and employers. Regardless of the outcome of our discussions with VicSuper, members will always be our number one priority.
We will keep you informed once we have fully explored the opportunities.