#1 fund for weathering market ups and downs3
SuperRatings' Pension of the Year three years in a row4
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.
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:
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.
We expect the merger to take place in the second half of this year, with a target of September 2021. 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.
For more information about the proposed merger, to read answers to frequently asked questions or to learn more about what a QSuper and Sunsuper merger could deliver, visit our information hub