AustralianSuper has completed its merger with Club Plus Super.
The merger brings together Club Plus Super’s 65,000 members and $3.2bn funds under management and AustralianSuper’s 2.5 million members and over $244bn in funds.
Club Plus Super approached AustralianSuper in May this year with the hope of improving the fund’s performance.
Club Plus Super group executive for membership and brand Rose Kerlin told The Australian that AustralianSuper was committed to servicing the clubs sector in NSW.
“We are looking forward to providing our new members with their best financial position in retirement. AustralianSuper’s focus when it comes to mergers is about being members first; we want to achieve the best possible outcomes for members. That is the priority,” said Kerlin.