UniSuper and Australian Catholic Superannuation move forward on SFT deed

UniSuper and Australian Catholic Superannuation (ACS) have reached the next milestone in the merger activity between the two funds, having signed the Successor Fund Transfer (SFT) deed.

UniSuper chief executive, Peter Chun, said his super fund was pleased to progress the agreement with ACS.

“Our aligned values and member-first focus will help to ensure a smooth transition to UniSuper for ACS members. With members set to benefit from increased scale, we can’t wait to welcome all ACS members and support them in creating futures worth retiring for that don’t cost the Earth.”

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ACS CEO, Greg Cantor, said: “This next step is important for our members as we continue the journey to enabling them the best retirement outcomes possible”.

Preparation had already begun for the transition, with both funds working to make the merger as seamless as possible.

The final stage would involve the continued collaboration between the funds to ensure the highest standard possible for the transition. It was anticipated that the merger would be finalised by the end of the year.

The funds said members and employers would receive detailed communications throughout the process.

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