Oz Supers lead merger trend
In what is likely to be the first of a series of mergers between Australian superannuation funds, First State Super and Health Super have announced plans to merge, creating a combined entity with some A$28 billion ($27.5 billion) under management and 750,000 contributing members.
According to the two super funds, the merged entity will be among Australia’s top five biggest supers by funds under management. First State Super covers the majority of public-sector employees in New...
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