Following signing of a Memorandum of Understanding with QSuper in March, we’re continuing to explore the opportunities and member benefits of a possible merger and expect to continue due diligence until the end of the year.
A transaction of this size – two Funds with a combined membership of around 2 million and FUM of more than $160 billion – brings with it a variety of opportunities that require detailed consideration.
Both QSuper and Sunsuper are award-winning, profit-for-member funds, focused on maximising the retirement outcomes of our respective memberships. There is a great deal of alignment and common purpose that unites us, and a merger has the potential to leverage scale to deliver enhanced services and lower fees to you, our members.
Throughout the due diligence process, the sole focus of both Boards is to act in the best interest of members and a merger will only take place if it is in the best interest of both Funds’ members.
We will keep you informed as discussions progress and, in the meantime, we will continue to focus on delivering great service and maximising your retirement outcomes.
ph:0439 805 589