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: “We’re really pleased to progress the agreement with ACS. Our aligned values and member-first focus will help to ensure a smooth transition to UniSuper for ACS members. With members set to benefit from increased scale, we can’t wait to welcome all ACS members and support them in creating futures worth retiring for that don’t cost the Earth.”  

ACS CEO Greg Cantor said: “This next step is important for our members as we continue the journey to enabling them the best retirement outcomes possible.”

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. 
 
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