CareSuper and MIESF confirm merger plans
CareSuper and the Meat Industry Employees Superannuation Fund have confirmed reports of their intention to merge.
The two funds said they had entered into a binding agreement after extensive due diligence with the merger expected to be completed later this year.
The arrangement will see around 17,000 members become part of CareSuper and the addition of $1 billion in funds under management.
The announcement said the merger would be subject to both funds completing their respective members’ best financial interests tests and equivalent rights assessments and then signing a Success Fund Transfer Deed.
It's entertaining watching people who didn't care at toss about equity when advisers copped it, but now they're facing the…
Besides AI has made these "Research Houses" obsolete. Go use Grok or Gemini.
Only took six months
No way would I pay for the rubbish that comes out of so called rating and research houses. Paying someone…
And people wonder why advisers are leaving the industry (or just getting out of providing any form of personal advice…