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Future Group confirms more mergers ahead
Financial Standard
|May 05, 2025
The Smart Future Trust is growing again, taking on the Zurich Master Superannuation Plan and a small MLC product.
The Zurich Master Superannuation Plan will be merged into the Smart Future Trust alongside the MLC Insurance Only product that currently sits inside an Insignia Financial fund.
Equity Trustees serves as trustee of both the Smart Future and Zurich offerings and, following a review, decided Zurich members would be better off if transferred into a larger fund.
It said that after doing so, it was satisfied that transferring members to smartMonday PRIME, a product within the Smart Future Trust, was suitable. Upon completion, the Zurich branding will be abandoned.
The Zurich Master Superannuation Fund, which was established in 1994, has close to $800 million in funds under management, held on behalf of 7500 members.
Meantime, MLC Insurance Only is used by about 97,000 members to fund life insurance premiums in a tax-effective structure. It also has superannuation accounts with funds under management totalling about $200 million.
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