QSuper and Sunsuper Are in Merger Talks
Posted on 11/06/2019
With some pressure from Australia’s government and the concept of economies of scale, QSuper and Sunsuper are exploring a possible merger. The two superannuation funds are based in Brisbane and service mostly employees based in Queensland, Australia. In a joint statement, the chairmen of the two funds, QSuper’s Karl Morris and Sunsuper’s Andrew Fraser, disclosed that both superannuation funds are in talks via a non-binding basis about a possible partnership.
“There is an absolute responsibility upon trustees to consider how to best serve members’ interests. Whether a partnership between our two funds could be better for both QSuper and Sunsuper members is an appropriate enquiry,” they said in a statement.
“Whether or not that consideration proceeds beyond preliminary discussions is dependent on many factors. In the meantime, both Sunsuper and QSuper members may be assured they will be kept informed of any material decisions.”