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.

 

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.

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:

 

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

 

Your Regional Manager can assist with your query.