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Hostplus and Maritime Super set to merge

 — 1 minute read

The funds have signed a memorandum of understanding (MOU).

Hostplus confirmed the news on Friday (18 February), which comes after Maritime Super had been looking into potential merger partners.

In April last year, the two funds entered a “strategic outsourcing arrangement” which saw Maritime move the management of its investment assets to Hostplus’ pooled superannuation trust.

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It is anticipated that, following due diligence, a transition plan will be prepared and the merger will take effect in early 2023.

“We’re delighted to be extending our strategic investment relationship with Maritime Super to now work towards a merger of our funds,” Hostplus CEO David Elia said.

Peter Robertson, Maritime Super’s CEO, added: “We see our already established relationship and the fundamental alignment between our funds – from our similar industry fund values to our dedication and passion for our members, employers, staff and stakeholders – as providing an excellent foundation for a successful merger partnership.”

Hostplus and Maritime Super set to merge

The funds have signed a memorandum of understanding (MOU).

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Neil Griffiths

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. 

Neil is also the host of the ifa show podcast.

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