Hostplus' latest merger cements its spot among biggest super funds
The Australian super funds become the latest to merge as government reforms targeting fees and performance continue to drive consolidations across the nation’s retirement landscape.
Hostplus and Maritime Super announced the successful completion of their merger on September 4, marking a significant milestone for both funds.
Under the merger, approximately 23,000 Maritime Super member accounts totaling over A$6 billion ($3.9 billion) in funds under management, will transition to Hostplus.
This deal significantly boosts Hostplus' FUM to over A$100 billion ($65 billion), and brings it membership to around 1.7 million.
The deal also is likely to cement Hostpl…
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