Club Plus Super completes AustralianSuper merger

1 December 2021
| By Laura Dew |
image
image
expand image

Club Plus Super has completed its merger with AustralianSuper.

Club Plus Super members would be automatically transferred into AustralianSuper from 1 December, 2021.

The merger was first announced in May with Australian Super being identified as having an “alignment of values” with Club Plus Super, which was formed in 1987 and had 65,000 members.

Writing on LinkedIn, Club Plus Super chief executive, Stefan Strano, said: “It's a momentous occasion and I want to thank everyone who has worked so hard, guided throughout by the best interests of our members, to make this all come together in such a timely way”.

AustralianSuper was Australia’s largest superannuation fund with over $200 billion in funds under management.

This was the latest in a series of superannuation mergers with Aware Super completing its merger with VISSF and Hostplus finalising its merger with Intrust Super.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year ago
Kevin Gorman

Super director remuneration ...

1 year ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year ago

Another year of volatility and uncertainty has come and gone....

22 hours 7 minutes ago

Private credit and infrastructure, which currently account for 20 per cent of private markets, are projected to grow their share to 30 per cent by 2030, fuelled by a numb...

2 weeks 5 days ago

The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation ...

2 weeks 1 day ago

TOP PERFORMING FUNDS