Frequently Asked Questions
Active Super and Vision Super Sign Merger MOU
*Why is Active Super considering a merger?
A rapidly changing superannuation landscape, competitive pressures and regulatory reforms have meant super funds are increasingly looking to partner with like-minded funds to unlock additional benefits for members through economies of scale.
As an industry fund open to all, any decision to merge must be in the best financial interests of our members and would be expected to result in benefits from greater scale, potentially allowing the merged fund to provide more services to members and lower costs and fees.
*Why was Vision Super chosen as a potential merger partner?
We are working with a potential merger partner in Vision Super that is aligned with our core values and beliefs which should ensure that a potential merged fund continues to deliver solid long-term returns in order to maximise members’ retirement outcomes.
Active Super and Vision Super have a similar history as super funds servicing current and former local government employees in their respective states of NSW and Victoria.
Operationally, both funds share a commitment to responsible investment, deliver strong investment returns and have a commitment to customer service by hosting inhouse contact centres and delivering regional service to members and employees.
The funds are also of a similar size and have approximately the same amount of funds under management.
*When will the merger/due diligence be complete?
It is early days and therefore difficult to determine precise timelines, but the due diligence process will commence shortly to determine whether a merger will be in the best financial interests of our members.
Members do not have to take any action as there are still a number of steps to be undertaken before a decision to merge can be made and, if appropriate, a merger can proceed. Both funds will now conduct due diligence to determine if a merger is in the best financial interests of their respective members.
We will keep you informed as the matter progresses.
Active Super remains committed to providing high quality services to its members throughout the merger process.
*What should members do in the meantime?
Members do not have to take any action.
It is early days and there are a number of steps to be undertaken before any merger can proceed. Both funds will now conduct due diligence to determine if a merger is in the best financial interests of their members.
For now, it’s business as usual for Active Super and we remain committed to providing high quality services to its members throughout the merger process.
Members can call the Member Services Centre on 1300 547 873 or +61 2 9333 3000, weekdays between 8.30am and 6.00pm or seek information through the online chat service.
We will keep you informed as discussions progress.
*Is my super safe?
Yes. This is a potential merger of equals where we are choosing to come together as two highly successful, financially strong industry super funds, dedicated to our members' best financial interests.
Throughout the due diligence process, Active Super will continue to invest, service members and operate efficiently in order to deliver results and solid long-term returns for members.
Your super will continue to be managed carefully with members’ best financial interests in mind.
*Will you remain an ESG-focussed fund?
Yes Active Super is a proud responsible investor, which supports us in delivering strong returns to our members. Both funds are committed to remaining ESG-focussed with responsible investment as a core philosophy.