Telstra Super and Aware Super enter merger | Australian Markets
Just months after aborting its merger with Equip Super, Telstra Super has introduced it’s transferring to merge with Aware Super.
The two funds mentioned they’d signed a non-binding Memorandum of Understanding to discover a potential merger between the 2 funds.
The proposed merger would create a mixed profit-to-member fund of roughly $228 billion in funds beneath management and serve over 1.3 million members.
The announcement mentioned each organisations will now undertake a complete due diligence course of to make sure the proposed merger is within the best financial pursuits of their respective members.
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