ART completes AvSuper merge
![Men shaking hands](https://financialnewswire.com.au/wp-content/uploads/Shutterstock_724281508.jpg)
Australian Retirement Trust (ART) has confirmed the completion of its merger with aviation-focused fund, AvSuper.
ART said the merger represents its fourth successor fund transfer so far this financial year.
The announcement said that as part of this transition, more than 4,800 new members and $2.43 billion in funds under management (FUM) have transferred to ART from AvSuper.
ART’s Chief Commercial Officer, Dave Woodall, said onboarding AvSuper is an important step in the growth of ART as the Fund continues to expand in the best financial interests of its more than 2.3 million members.
Compare the pair.
I have clients who have been told to produce evidence they are with cbus or else they can't work on…
Unionist were appointed to the Reserve Bank Board as some sort of pay off. You missed where the Wayne Swan…
It concerns me that only months ago the Government was considering giving Union based Industry Funds the power to advise…
Can you imagine the corruption that would occur if the Government goes ahead with its plan to allow Industry Super…