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AustralianSuper signals merger 13 May 2021 AustralianSuper has indicated talks of a potential merger with Club Plus Super, after the pair signed a memorandum of understanding. The potential amalgamation would marry Club Plus Super’s $3 billion in managed assets with AustralianSuper’s $200 billion.  A hospitality and community club industry fund, Club Plus Super has around 60,000 members, in contrast to the 2.4 million signed up with AustralianSuper. Advertisement "); googletag.cmd.push(function() { googletag.display('div-gpt-ad-1606...

AustralianSuper and Club Plus Super are in talks to merge after a ‘rigorous process’ of due diligence, creating a $207 billion fund.

AustralianSuper to gobble up $3b Club Plus May 13, 2021 – 4.42pm Save Share AustralianSuper will gobble up the $3 billion Sydney-based superannuation fund Club Plus in the latest merger in the $3 trillion retirement savings sector. The two funds on Thursday announced they had signed a memorandum of understanding to conduct due diligence for a potential merger. AustralianSuper chief Ian Silk says initial discussions with Club Plus showed an alignment of values.   Rohan Thomson The deal is a knock on the head for Hostplus, which is also understood to have been involved in discussions w...