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QSuper and Sunsuper Merge to Create Australia’s Largest Retirement Fund QSuper and Sunsuper have agreed to merge, after 15 months of negotiations, to become a single superannuation fund, making it Australia’s largest. The move, announced on March 15, aims to integrate the two top-performing funds into a new entity with two million members and $200 billion in assets. QSuper Chair Don Luke and Sunsuper Chair Andrew Fraser said the agreement would pave the way to create “an organisation of world-class capability” with the scale to deliver “outstanding services, greater efficiencies, and lower costs for members.” “The combination of QSuper’s public sector heritage in Queensland and Sunsuper’s national employer base, combined with a commitment to partnering with external financial advisers, will create a diversified and resilient organisation investing on behalf of 2 million members,” the two entities said in a joint statement (pdf).

Don lukeCameron dickAndrew fraserMichael pennisiBernard reillyAustralian prudential regulation associationClub superChair don lukeSunsuper chair andrew fraserInvestment cameron dickPalaszczuk governmentMergers setFirst state superAware superVic superEquip super