QSuper and Sunsuper enter merger due diligence

QSuper Sunsuper merger due diligence

4 March 2020
| By Mike |
image
image
expand image

QSuper and Sunsuper have announced the signing of a Memorandum of Understanding to enter into a period of exclusive due diligence ahead of a merger.

The two funds announced the agreement today stating that it had been reached following a period of high level discussions and an assessment of both businesses which found “there are sufficient potential benefits to members to proceed with due diligence”.

The statement said any potential combination would be subject to the trustees of each fund determining the agreed structure is in the best interests of members and the appropriate regulatory approvals and passage of enabling legislation.

The two funds signalled their merger intentions late last year.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

3 days 21 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 1 day ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 3 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

2 days 19 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

1 day 22 hours ago