CareSuper and MIESF affirm merger plans | Australian Markets
CareSuper and the Meat Business Workers Superannuation Fund have confirmed reviews of their intention to merge.
The 2 funds stated that they had entered into a binding settlement after in depth due diligence with the merger anticipated to be accomplished later this 12 months.
The association will see round 17,000 members change into half of CareSuper and the addition of $1 billion in funds beneath management.
The announcement stated the merger can be subject to each funds finishing their respective members’ best financial pursuits assessments and equal rights assessments after which signing a Success Fund Switch Deed.
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