QSuper signs Heads of Agreement

Following announcements last year, we are pleased to announce that the QSuper Board and Sunsuper Pty Limited have signed a Heads of Agreement to confirm our intention to merge and create a $200 billion superannuation fund open to all Australians.

This historic agreement will pave the way for the creation of an unquestionably strong superannuation fund, headquartered in Brisbane, with the scale to deliver outstanding service, greater efficiencies and lower costs for members.

A focus on members

The Heads of Agreement follows extensive and independent review processes from each board (due diligence). This process identified a strong business case for merging with achievable efficiencies and savings. Through this process we have confirmed that our funds are unified on:

	QSuper	Sunsuper
Always acting in members’ best interests
Simple, transparent fees
Award-winning performance, products & service
Proven investment philosophies
Maximising the retirement outcomes of our memberships

What this means for our members

There are no changes to accounts, products or services as a result of this announcement. We will keep members informed about the proposed merger and its benefits during the coming months. Throughout, our focus remains on keeping members at the heart of everything we do.

The next steps

The merger remains subject to a range of conditions including a final decision by each board to merge, as well as legislative and regulatory approvals, and will only take place if it is in our members’ best interests.