The merger of Aware Super and the Victorian Independent Schools Superannuation Fund (VISSF) has been completed, following the completion of the successor fund transfer.
This would mean that, from today, VISSF members would now become part of Aware Super, which would now be supporting more than 200,000 members.
Aware Super chief executive, Deanne Stewart, said that following the merger’s completion, the Fund priority would be now on ensuring VISSF members were supported in their transition into Aware Super.
“Through this merger we look forward to building on our leading offering for members in the primary and secondary education sector, and providing them with the right help, education, guidance and support to enable them to achieve the kind of retirement they deserve,” she said.
SuperReview first reported in July that both super funds had agreed to proceed with their proposed merger as they shared similar values, cultural alignment and a member base.
This was the third merger Aware Super had completed in the past 18 months, including mergers with VicSuper and WA Super in 2020.
“Over the past three years there has been unprecedented consolidation in Australia’s superannuation industry, and there is more to come,” Stewart stressed.
“Aware Super has been at the forefront of this activity, with a dedicated team of experienced merger professionals helping to smooth the pathway to successful mergers.”