Potential merger in the works for Statewide Super, WA Super and Tasplan
It has been recently confirmed that Statewide Super, WA Super and Tasplan are currently considering a merge with all three funds signing a Memorandum of Understanding.
Whilst a three way merger won’t be easy and will be considered one of the most complex Australia’s Super Industry will see to date, all three Funds seem to be in agreement that should this arrangement proceed, it will provide great benefits and an advantage to their members. If this merger follows through, the newly merged Fund will sit at 340,000 members with a value of $24 Billion.
For more details on this, please see Financial Standard’s article here.