SFT process for TelstraSuper merge with Aware Super

Mike Taylor

Managing Editor/Publisher, Financial Newswire

17 March 2026

The merger of one of Australia’s largest remaining corporate superannuation funds, TelstraSuper and industry fund, Aware Super, has moved to the penultimate stage.

The two funds announced on Monday that they had signed a Successor Fund Transfer deed opening the way for the next stage in the merger process – the transfer of TelstraSuper members to Aware Super over the next two months.

The two funds said that, once complete, the merger will result in Aware Super managing about $237 billion in retirement savings for around 1.3 million members with both funds continuing to operate independently until the successor fund transfer is complete.

Confirming the signing of the deed, TelstraSuper chair, Anne-Marie O’Loghlin said the fund was confident the merger would deliver strong long-term outcomes for TelstraSuper members.

“Extensive due diligence has confirmed the strong alignment of values, performance, and member outcomes between our two funds. This gives us great assurance that the transition will deliver long-term benefits and an enhanced retirement experience for all members,” she said.

Aware Super chief executive, Deanne Stewart said a significant milestone in the merger process had been completed.

“We are looking forward to welcoming TelstraSuper members to Aware Super,” she said