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.
I think these numbers are too low. Especially if you live in major cities. I try to ensure none of…
Are Interprac / Sequoia going to pay the 10’s of $$ millions in AFCA complaints ? Even after Macquarie &…
Always back self interest when a body is marketing a submission to the government
In other words the system is achieving what the government wanted to happen.
Every day I come on here it feels like it is just the SMC trying to lobby to make one…