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CareSuper to merge with meat industry fund
Financial Standard
|March 24, 2025
CareSuper is set to merge with a $1 billion industry fund with 56,000 members.
The $56 billion super fund, which has around 550,000, has struck a binding agreement to merge with the Meat Industry Employees' Superannuation Fund (MIESF).
CareSuper chair Linda Scott¹ and MIESF chair Chris White said that the binding agreement is a critical step forward in serving members' best financial interests. The merger is contingent on both funds completing their respective best financial interests and equivalent rights assessments, as well as signing a Successor Fund Transfer Deed.
"Both funds recognise our shared focus on putting members first and the importance of providing strong retirement outcomes combined with excellent service and personalised advice to our members," they said.
Esta historia es de la edición March 24, 2025 de Financial Standard.
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