In August 2020, Australian Catholic Superannuation and NGS Super announced plans to merge. The planned merger will create a $21 billion superannuation fund with approximately 200,000 members servicing independent and Catholic schools, and the community sector across Australia.

Below are answers to questions you may have regarding the proposed merger. We encourage you to visit this page regularly or contact a Regional Manager to get the latest updates.

Questions you might have

  • Why is Australian Catholic Superannuation merging with NGS Super?

    The superannuation industry has been undergoing significant changes to improve member outcomes through enhanced scale and better services. To ensure that Australian Catholic Superannuation remains competitive amidst the changing landscape, we decided to embark on a due diligence process with NGS Super to assess whether a merger will be in the interests of the members of both funds.
    This will be a merger of equals. It is a natural fit based on similar characteristics, including:

    • - the size of both funds;
    • - our organisational values;
    • - the industries served; and
    • - the demographic of our respective memberships. 

    The merger will deliver long-term benefits to the members of both funds, including access to additional investment opportunities, enhanced services and economies of scale.

     

  • Who is NGS Super?
    Established in 1988, NGS Super is an industry super fund for those in non-government education and community organisations. It has $12 billion in funds under management and around 120,000 members.
  • When will the merger occur?

    We expect that it will be finalised in 2022.

    We appreciate your patience in the meantime as we conduct a comprehensive review of both funds to ensure that the proposed merger is in the best interests of our members.

    Be assured that we’ll keep you updated at key stages of the planned merger process, which are outlined below:

    Upcoming merger timeline

     


  • Which industries will the merged entity serve?

    This will be a merger of equals, bringing the best of both funds together. It will provide our members with a specialist fund, servicing the Catholic education, independent schools and community services sectors.

    Similar to Australian Catholic Superannuation’s current membership, it will be available to all Australians, regardless of their beliefs.


  • Will the merged entity have a relationship with the Catholic Church?
    Australian Catholic Superannuation and NGS Super share the same values and have connections to the Catholic Church. This relationship will not change following the proposed merger.

Members

  • What does the merger mean for me?
    Our members’ interests are at the core of the planned merger. It will help us secure the financial future of our members by bringing together the best of both funds and providing enhanced personalised services as well as wider investment opportunities.
  • I have an account with Australian Catholic Superannuation and NGS Super. What will happen to my super?
    The merger process includes a review of the operations and investment portfolios of both funds to ensure a smooth transition of our members’ super to the new entity. Each fund will contact their members to provide more information once the details have been worked out.

    In the meantime, the way you manage your super with Australian Catholic Superannuation remains unchanged. To check your balance, insurance cover, investments and much more, log in or register for access to the Member Portal.
  • What will happen to my insurance cover?
    Australian Catholic Superannuation and NGS Super currently have different insurance providers. When the provider for the merged fund has been determined, we will provide you with the information that you need to ensure that you have the type and level of cover that suits you.

    In the meantime, you can log in or register for access to the Member Portal, where you can check and manage your insurance cover.
  • Will the merger result in a reduction in fees?
    One of the outcomes of the proposed merger is economies of scale, which may enable the merged entity to deliver more competitive fees to our members.

    Both funds will work together to determine a suite of investment products and options to ascertain the best outcomes for our members’ super. Once this has been determined, the merged entity will be in a position to make the necessary disclosures, including information on fees.

    We will have a better understanding of the fees after the review process is complete and will contact you when more information becomes available.
  • Will the merger result in improved investment returns?
    One of the outcomes of the proposed merger is economies of scale, which may enable the merged entity to deliver more competitive fees to our members. In turn, this may influence the performance of our investments.

    Both funds will work together to determine a suite of investment products and options to ascertain the best outcomes for our members’ super. Once this has been determined, the merged entity will be in a position to make the necessary disclosures, including information on fees and expected investment returns.

    We will have a better understanding of the fees after the review process is complete and will contact you when more information becomes available.
  • Will there be a change to my investment options after the merger?
    There may be updates to the investment options offered by the merged fund.

    Both funds will work together to determine a suite of investment products and options to ascertain the best outcomes for our members’ super.

    We will have a better understanding of the products after the review process is complete and will contact you when more information becomes available.
  • Whom can I contact to get assistance?
    If you have questions about the proposed merger, please contact a Regional Manager.

    For queries about your super or insurance, please contact our call centre.

Employers

  • What does the proposed merger mean for me as an employer?

    The planned merger will enable us to leverage the strengths of both funds to deliver enhanced services for you and your staff. These services include:

    • - onsite support for your finance and payroll teams;
    • - assistance with meeting legislative and statutory obligations;
    • - access to the latest payroll technology;
    • - a dedicated relationship manager for you and your team; and
    • - workplace education programs, including face-to-face meetings to answer your staff’s questions.

     


  • Whom can I contact to get assistance?
    Your Regional Manager can assist with your query.

Is salary sacrifice available to you?

Need more information?

Get in touch with our friendly staff who are willing to answer
any of your questions.

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