No. Equip Super will continue to operate as usual, with no change for members at this time.
Merger update
On 18 September 2024, Equip Super announced its intention to explore a merger of equals with TelstraSuper. In addition to communicating directly with you, this page has been established to provide updates throughout the process and answer frequently asked questions.
Merger update
On 18 September 2024, Equip Super announced its intention to explore a merger of equals with TelstraSuper. In addition to communicating directly with you, this page has been established to provide updates throughout the process and answer frequently asked questions.
Frequently asked questions
The boards of Equip Super and TelstraSuper have signed a non-binding Memorandum of Understanding and agreed to explore a ‘merger of equals’ between the two funds.
This agreement confirms both parties’ intention to explore a merger and sets out a framework that will be used to assess and prepare for the implementation of a merger.
The two funds will now undertake further due diligence, with a particular focus on ensuring the merger is in the best financial interests of the members of each fund. This work is intended to be completed by the end of the year.
Pending the outcome of this due diligence, it is expected the merger would be executed by late 2025.
We will communicate with you throughout the process to keep you informed of progress.
Equip Super has an enviable growth history – from being selected as the home for the Rio Tinto Staff Super Fund in 2016, to the Joint Venture with Catholic Super and the more recent acquisitions of BOC Super and Toyota Super. With each merger, we have been able to deliver improved outcomes for members through lower fees and enhanced products and services.
A merger with TelstraSuper will create a combined profit-to-member fund with around $60 billion in funds under management and more than 225,000 members. The merged entity would leverage our combined strengths across member and employer servicing, retirement solutions, investments and managing tailored corporate superannuation arrangements, including defined benefits. It is expected that the merger would provide significant scale benefits and deliver improved retirement outcomes to members, whilst maintaining the personalised service that the two funds currently provide.
TelstraSuper is an award-winning superannuation fund with more than 85,000 members and $26bn in funds under management. The Fund is recognised for its leadership in retirement solutions, insurance and financial advice services offered to members.
In May 2024, TelstraSuper announced its intention to explore merger options, having determined that members’ long-term interests were best served by seeking a suitable merger partner.
Since then, TelstraSuper has reviewed potential funds and shortlisted, before selecting Equip Super as its preferred merger partner and signing a Memorandum of Understanding, agreeing to explore a merger of equals between the two funds.
In selecting a suitable merger partner, TelstraSuper has been focussed on alignment with its objectives, values, beliefs and commitment to delivering strong retirement outcomes for members, with members’ best financial interests the driving force. TelstraSuper believes Equip Super’s strengths complement those of TelstraSuper.
This is a merger of equals. Equip Super and TelstraSuper bring complementary strengths to the merged entity.
No. Equip Super will continue to operate as usual, with no change for members at this time. There will be no impact on day-to-day operations, with no changes to your account or the services we offer. Fees and investments will remain the same.
Pending the outcome of this due diligence, it is expected that the merger would be executed by late 2025.
We will communicate with you throughout the process to keep you informed of progress.
The TelstraSuper Board and Telstra Group have come to the view that the time has come for TelstraSuper to move forward with a new separate identify from the Telstra Group. It is therefore expected that Equip Super will be the name of the merged entity.
On 18 September 2024, we made a public announcement regarding our intention to explore a merger of equals with TelstraSuper. This announcement included emailing members, employers and other key stakeholders. We will update members, employers and other key stakeholders again regarding progress when there is more information to share.
If you have any questions about this announcement, or any other aspect of your membership, please contact us.
We acknowledge all First Peoples of the beautiful lands on which we live and work, and their enduring knowledge and connections to Country. We honour the wisdom of and pay respect to Elders past and present.