Home / How super works / Super news / Super news for April 2022

Super news for April 2022

Australian Ethical and Christian Super explore merger

Australian Ethical Investment and Christian Super have signed a memorandum of understanding to finalise a due diligence process and explore the synergies of merging the two funds.

Due diligence is expected to be completed by the end of May 2022 and, if successful, Christian Super members would join Australian Ethical Super via a successor fund transfer in late 2022 or early 2023 to create a $9 billion ethical super fund.

“We’re delighted to be exploring this opportunity with Christian Super,” Australian Ethical chair Steve Gibbs said.

“It is a meaningful endorsement of our purpose and investment philosophy, which remain unchanged and only strengthened by this opportunity.”

Christian Super chair Neville Cox also said they were excited to explore a potential merger with a “fellow pioneer” of responsible investing in Australia.

“There are many synergies and areas of close alignment in our approach and we look forward to working together to shape a shared future for combined member benefit,” Cox said.

Christian Super was on the Australian Prudential Regulation Authority’s (APRA) first list of 13 underperforming super funds.

Learn more about super fund mergers.

Super gender gap was decreasing before Covid

About the author

Related topics,

IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Learn more

© Copyright SuperGuide 2008-25. Copyright for this guide belongs to SuperGuide Pty Ltd, and cannot be reproduced without express and specific consent. Learn more

Leave a Reply