As part of an ongoing trend in superannuation fund mergers, Australian telecommunications and technology company Telstra’s pension fund arm, TelstraSuper, will merge with Equip Super, creating a combined fund of more than A$60 billion (US$37.3 billion) in assets under management and more than 225,000 members.

Equip Super will be the go-forward brand, and the TelstraSuper brand will be retired in due course. The merger is expected to achieve significant scale benefits and deliver improved retirement outcomes to the members of each fund, while maintaining the personalised service that each fund currently delivers.

Michael Cameron, current Equip Super chair, will be independent chair of the new fund’s board and Anne-Marie O’Loghlin, current TelstraSuper chair, will be independent deputy chair.

Chris Davies, current TelstraSuper CEO, will be the inaugural CEO of the new fund. Scott Cameron, current Equip Super CEO, will be deputy CEO, focusing on merger integr