Vision Super and Active Super to merge
Industry superannuation funds Vision Super and Active have announced they are aiming to merge on 1 March, next year.
The two funds announced today they had signed a successor fund transfer deed with Vision Super to be the successor fund with the result being an entity with around $29 billion in funds under management and 170,000 members.
Vision Super chief executive, Stephen Rowe will be chief executive of the new merged, entity.
The announcement said that the fund would be internally administered.
Still a tiny fund in the scheme of things!