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Aware Super and the Victorian Independent Schools Superannuation Fund (VISSF) have agreed to proceed with their proposed merger.
In a joint announcement, the funds said they shared strong values and cultural alignment, a similar member base, a shared understanding of the important role financial advice, education, and support that played in helping members to feel confident in their retirement, and a commitment to putting members first.
VISSF would add 200,000 members to Aware s 1.1 million member base, and the merger was expected to be finalised before the end of the year.
Aware Super chief executive, Deanne Stewart, said: “We are delighted to have formally agreed to merge with VISSF. Aware Super has been, and continues to be, a leading fund in exploring merger opportunities because we genuinely believe that size and scale matter.
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