In March, we let you know that Sunsuper and QSuper had signed a Heads of Agreement to merge. Since then we have progressed our plans to create a $200 billion superannuation fund with two million members open to all Australians.
The merger is planned to proceed on 28 February 2022 pending final Board, regulatory and legislative approvals taking place this calendar year. While the merger date is later than initially planned, we are on track to complete many critical steps this year.
Executive team finalised
The executive team that will lead the merged fund has now been finalised with the recent appointments of the Chief People Officer and Chief Financial Officer. Read more about the executive appointments on our website.
What will happen next
We look forward to introducing you to the new name and brand for the merged fund soon. Early in the New Year we will also let your employees, our members, know what the merger will mean for their Sunsuper account. We will, of course, share this member information with you. At the same time, we will let you know what you need to do to prepare for the change of fund name to ensure your contributions are correctly allocated to your employees’ accounts.
Find out more here.