Suncorp sells super business 28 April 2021 Suncorp will sell its Australian super business to LGIAsuper in what it believes will provide a “good outcome” for its 137,000 superannuation members. The decision was made as part of a plan to simplify Suncorp’s portfolio, and will see LGIAsuper’s funds under administration swell to some $28 billion ahead of its proposed merger with Energy Super. “The values and purpose of LGIAsuper, which is also headquartered in Queensland, align closely with those of Suncorp. This transaction will also enable the combined businesses to take advantage of size and scale benefits,” said Suncorp chief executive for banking and wealth Clive van Horen.