Unisuper and ACS in merger talks
![Hand holding puzzle piece with two small male figures on top shaking hands](https://financialnewswire.com.au/wp-content/uploads/shutterstock_1060939385.jpg)
Unisuper and Australian Catholic Super (ACS) have entered into merger talks.
Just months after Australian Catholic Super ended its merger talks with education-oriented, NGS Super, Financial Newswire has confirmed that the two superannuation funds have entered into a memorandum of understanding around a merger.
Staff of both superannuation funds are being informed of the moves this morning.
The merger, if it completes, will be the first for Unisuper which only recently became public offer, but it makes sense because Australian Catholic Super has coverage of both the Australian Catholic University and Notre Dame.
The merger would generate a fund with more than $116 billion in funds under management and nearly 600,000 members.
The chairs of both funds have told staff that the merger is aimed at delivering the scale necessary to continue improving services and returns to members.
FAAA has FA as usual!!!
I feel your pain
Actions speak much louder than words and they say that advisers aren't valued and getting rid of them is the…
Where is FAAA gone in all this ?? Did j not see that they were now fully involved and meetings…
The govt sponsored mafia or ASIC as they call themselves CSLR is a total scam and so is the industry…