As previously announced, Sunsuper and QSuper have been in high-level discussions about a possible partnership.
We’re now pleased to inform you that both funds have agreed to formal merger discussions and will start a comprehensive due diligence process. The outcome of this process is dependent on many factors and will allow both funds to more formally evaluate the potential benefits of a merger for you, our members.
At Sunsuper, we have an obligation to you to consider the benefits of a potential merger. A merger has the potential to leverage scale and capabilities, drive greater efficiencies, promote a stronger competitive position in the market, and ultimately generate greater value for you through low fees and improved services. As profit-for-member funds, there is a strong alignment between the two organisations. We can assure you, both Sunsuper and QSuper are committed to the best interests of members, and indeed a combined membership base, if a merger was to proceed.
The due diligence process will take some time, but we intend to keep you updated of any major developments. In the meantime, it’s business as usual for both funds and we remain committed to delivering great value super to you in order to help maximise your retirement savings.
For more information, view the media release.