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Cbus and Connect to merge
Industry super funds Cbus and Connect Super have announced their intention to merge.
The two funds have announced an in-principle agreement to pursue a target merger date of 1 October, this year.
The move was confirmed in a joint statement issued by Cbus chairman Steve Bracks and Connect chairman Mac Russell.
The combined entity would result in a fund boasting nearly 600,000 members and nearly $15 billion in funds under management.
AUTHOR
Mike Taylor
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