To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionFirst State Super, VicSuper set July 2020 merger date
First State Super and VicSuper have confirmed a merger between the two organizations will go ahead, naming the chief executive and chair for the combined A$125 billion fund ($86 million).
First State Super and VicSuper have signed a merger deed with a merger effective July, 1 2020.
First State Super chief executive Deanne Stewart will serve as chief executive of the merged funds, and Michael Dundon, chief executive of VicSuper, will become deputy chief executive.
A combination of the two would produce one of Australia's biggest superannuation funds, with assets under management of more than A$110 billion ($76 billion).