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Australian Catholic Superannuation wants to merge with UniSuper, meaning five of the 13 funds that failed the super performance test plan to exit the sector.
UniSuper, the $75 billion fund for employees in higher education and $7.9 billion Australian Catholic Super say they've begun merger talks.
UniSuper and Australian Catholic Superannuation have signed a memorandum of understanding to explore a merger and both have started due diligence.
UniSuper and Australian Catholic Superannuation are formally exploring a merger. The $105 billion Unisuper and the $11 billion Australian Catholic Superannuation have inked a memorandum of understand