5 July 2022
UniSuper, the $105 billion fund, and Australian Catholic Superannuation (ACS), the $10.5 billion fund, have reached the next milestone in the merger activity between the two funds, having now signed the Successor Fund Transfer (SFT) deed.
This important step will enable ACS members to become members of the award winning UniSuper upon completion of the merger delivering considerable benefits to those members.
UniSuper CEO Peter Chun said:
ACS CEO Greg Cantor said:
Preparation has already begun for the transition, with both funds working to make the merger as seamless as possible and maintain the high level of care provided to members of both funds, while delivering outcomes members expect and deserve.
The final stage will involve the continued collaboration between the funds to ensure the highest standard possible for the transition. It is anticipated that the merger will be finalised by the end of the year.
Members and employers will receive detailed communications throughout the process.
For more information
Australian Catholic Superannuation
Cannings Strategic Communications
T: 03 7019 2437
Note to editors
UniSuper is one of Australia’s largest superannuation funds and is run solely for the benefit of its members. For more than 35 years, UniSuper has been managing super for people employed in the higher education and research sector and is now open to all Australians. UniSuper currently invests around $105 billion on behalf of over 500,000 members.
Australian Catholic Superannuation is the super fund of choice for the Catholic community in Australia and is open to anyone eligible for superannuation. Over 85,000 members and more than 15,000 participating employers nationally have selected Australian Catholic Super as their choice of superannuation fund. As a non-for-profit super fund, it exists solely for the benefit of its members, looking after over $10.5 billion funds under management.