Funds Management News

QSuper and Sunsuper in merger talks

Posted by Anton Murray Consulting on . Posted in Funds Management News

Investment Magazine

QSuper and Sunsuper have confirmed they are in talks about merging to create Australia’s largest superannuation fund with assets of more than $180 billion. In a joint statement released on Monday evening, QSuper chairman Karl Morris and Sunsuper chairman Andrew Fraser said merger talks were in the “early stages”. “There is an absolute responsibility upon trustees to consider how to best serve their members’ interests,” the funds said in a statement.

“Whether a partnership between our two funds could be better for both QSuper and Sunsuper members is an appropriate enquiry. “Whether or not that consideration proceeds beyond preliminary discussions is dependent on many factors.” In the meantime, both Sunsuper and QSuper members will be kept informed of any decisions.

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