Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
News
27 June 2025 by [email protected]

ASIC’s private credit probe expected to home in on retail space

IFM Investors expects ASIC’s ongoing surveillance and action in the private credit market to focus predominately on direct investment by retail ...
icon

Don’t write off the US just yet, Fidelity warns

Despite rising geopolitical risks and volatile macro signals, Fidelity has cautioned investors against a full-scale ...

icon

Australia’s economic growth to accelerate despite ‘fragile global environment’

The pace of economic growth in Australia is expected to “grind higher over coming quarters” off the back of lower ...

icon

Super sector welcomes US retreat on tax measure that risked $3.5bn in losses

The superannuation sector has welcomed confirmation that a controversial US tax provision will be removed

icon

Managed fund inflows surge as Australian investors lean into global volatility

Australian investors have poured billions into managed funds in 2025, demonstrating surprising resilience amid global ...

icon

AustralianSuper slammed for alleged ESG breach

The super fund has entered the cross hairs of Market Forces due to its large shareholding in Whitehaven Coal

VIEW ALL

VicSuper, Vision Super plan merger

  •  
By
  •  
4 minute read

Vision Super is in new merger talks.

After failed merger discussions with Equipsuper, Vision Super has now entered into merger talks with VicSuper.
 
A merger would create a $15-billion fund with more than 350,000 members.

VicSuper chief executive Michael Dundon said he was unconcerned about the earlier unsuccessful discussions between Vision Super and Equipsuper.

"No, in our case we are both funds with a strong profile in the public sector," Dundon said.

"There is quite a common alignment in members and employer backgrounds.

 
 

"We also know their management and staff reasonably well and we think that is a cultural fit."

Vision Super was recently in the news due to problems in its defined benefit (DB) division, where the Local Authorities Superannuation Fund Defined Benefit Plan - a Vision Super-operated DB fund for employees of Victorian councils - was faced with a shortfall of $450 million.

But Dundon said that would not stand in the way of a merger.

"I was the chief executive of ESS Super for three years and in that role I managed the state's largest DB schemes, so I'm very familiar with the DB scheme," he said.

"My understanding is that the DB funds are quite separate from the defined accumulation funds in Vision Super."

Besides, under the DB arrangements the shortfall would be largely the responsibility of the employers and not greatly impact on the fund itself.

Dundon said the merger discussions were still at a very early stage and no decision had yet been made on who was going to lead a merged entity.

"We haven't had any of those discussion yet," he said.