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Club Plus Super completes AustralianSuper merger
Club Plus Super has completed its merger with AustralianSuper.
Club Plus Super members would be automatically transferred into AustralianSuper from 1 December, 2021.
The merger was first announced in May with Australian Super being identified as having an “alignment of values” with Club Plus Super, which was formed in 1987 and had 65,000 members.
Writing on LinkedIn, Club Plus Super chief executive, Stefan Strano, said: “It's a momentous occasion and I want to thank everyone who has worked so hard, guided throughout by the best interests of our members, to make this all come together in such a timely way”.
AustralianSuper was Australia’s largest superannuation fund with over $200 billion in funds under management.
This was the latest in a series of superannuation mergers with Aware Super completing its merger with VISSF and Hostplus finalising its merger with Intrust Super.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
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