VicSuper merger discussions with First State Super update
22 Jul 19
Earlier this year we announced that we’d started discussions with First State Super to explore the benefits of a merger. We’re pleased to announce that we’ve moved to the next phase of our merger discussions being due diligence, and have signed a Binding Heads of Agreement. Merger discussions have been progressing well to date and we believe there could be significant benefits for our members and employers, should the merger proceed.
Over the coming months, both funds will undertake a detailed review of each other’s operations through the due diligence process. We’ll consider various operating models and discuss how best to leverage the potential combined investment scale to deliver even better outcomes for our members. At this early stage, no decision has been made around the future operating model.
In the meantime, it’s business as usual for both funds. We’ll continue to provide the exceptional level of service that our members and employers have come to expect from us. Our members and employers continue to be our number one priority.
Click here for more information about the proposed merger and learn more about what VicSuper and First State Super have in common.
If you have any questions give our Member Services team a call on 1300 366 216.
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