Anne-Marie O’Loghlin

Aware Super and TelstraSuper have signed the Successor Fund Transfer (SFT) deed, a key milestone in their merger process.

The signing opens the way for the next stage of the merger process and the transfer of TelstraSuper members to Aware Super in the next two months.

Once complete, the merger will see Aware Super managing about $237 billion in retirement savings for around 1.3 million members.^#

Both Funds will continue to operate independently until the merger is executed via the Successor Fund Transfer.

TelstraSuper Chair Anne-Marie O’Loghlin AM said that the Fund was confident the merger would deliver strong long-term outcomes for TelstraSuper members.

“Extensive due diligence has confirmed the strong alignment of values, performance, and member outcomes between our two funds. This gives us great assurance that the transition will deliver long-term benefits and an enhanced retirement experience for all members.”

Aware Super CEO Deanne Stewart welcomed the signing of the SFT deed and the beginning of the next stage of the merger process.

“We have passed a significant milestone in the merger process and are looking forward to welcoming TelstraSuper members to Aware Super.

“Uniting two of Australia’s foremost retirement experts helps us keep costs low and deliver market leading retirement solutions and investment performance. Together, we will set a new benchmark in retirement outcomes for our members.”

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