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Transactions - DECEMBER 1, 2021

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UniSuper and Australian Catholic Superannuation fund mull merger

by Kali Persall

Two Australian pension funds, the A$105 billion ($74 billion) UniSuper fund and the A$11 billion ($7.8 billion) Australian Catholic Superannuation (ACS) fund have agreed to explore a potential merger.

The merger would provide ACS members with access to UniSuper’s low fees, high-investment performance and commitment to ESG-themed investment options. The next stage in the process would be a heads of agreement, which is not expected until second quarter 2022.

Both funds have begun conducting due diligence of the potential benefits for members of any merger activity.

 

 

 

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