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Members of Commonwealth Bank Group Super (CBA Group Super) have officially transitioned to Australian Retirement Trust (ART), marking the latter's largest corporate merger.
While yet to reach a final agreement with Australian Retirement Trust (ART), Commonwealth Bank Group Super has told members they will transfer to the industry fund next month.
The proposed merger would lead to a combined FUM of $230 billion. Commonwealth Bank Group Super (Group Super) has entered into a memorandum of understanding to pursue a merger with Australian Retirem
Commonwealth Bank Group Super has entered a Memorandum of Understanding to potentially merge with Australian Retirement Trust.
The potential merger will see Group Super's close to $8.5b of funds under management transferred to ART.