UniSuper and Australian Catholic Superannuation Sign Heads of Agreement
Posted on 05/16/2022
In December 2021, UniSuper and Australian Catholic Superannuation signed a Memorandum of Understanding to explore a potential merger. Following an extensive due diligence process and independent review of both super funds, UniSuper and Australian Catholic Superannuation have now signed a Heads of Agreement. Each fund’s due diligence revealed a strong case for merging and identified numerous benefits for their respective members. Importantly, each fund deemed a merger to be in the best financial interests of their respective members.
UniSuper (close to $110 billion fund) and Australian Catholic Superannuation ($11 billion fund) announced they have reached an important milestone as they explore a potential merger of the funds. UniSuper is one of Australia’s largest superannuation funds and is run solely for the benefit of its members.
