Bigger and better for members – CareSuper and Spirit Super on track to deliver their exciting merger
As CareSuper and Spirit Super continue to work towards their merger, they’ve confirmed the merged fund’s name and proposed merge date.
Appointed Chair of the merged fund Linda Scott (current Chair, CareSuper) said:
“CareSuper and Spirit Super are profit-to-member Industry Funds with a deep commitment to helping our members save for their retirement. Our intention to merge the two funds aims to deliver even better benefits for our members that can be achieved by scale.
“The existing Spirit Super and CareSuper teams have much to be proud of in getting their respective funds to this point. With the merger now closer, I’m pleased to confirm some more details.
“It is intended that the merger will take effect on 1 November 2024 and for the fund to be called CareSuper.
“While this is a true merger of equals, both funds decided it was in the best interests of members to call the fund CareSuper to take advantage of strong recognition for the name, which has been in the market since 1986.
“Elements of the Spirit Super brand identity will be retained to highlight our shared national heritage and member focus, including Spirit Super’s distinctive logo which enjoys strong and positive recognition amongst its membership.”
The CEO of the merged fund will be Jason Murray, current CEO of Spirit Super. Bringing together leadership from both funds reflects the close collaboration and shared vision to be leaders in member experience and retirement confidence.
They have assembled a strong leadership team in order to keep focused on what is needed to support a combined fund of over 550,000 members. “I’m proud to have been chosen to lead the combined fund which will have a laser focus on our members and delivering them great value and excellent customer service. While right now it’s business as usual for both funds, we are on track to formally come together as the new fund on 1 November 2024.
“Members and stakeholders will be kept informed as the merger progresses. We’re moving forward confidently to deliver even greater products, services and experiences for our collective membership.”
For more information visit both funds’ websites:
https://www.spiritsuper.com.au/merger-info
https://www.caresuper.com.au/merger-info
Additional information:
The designated executive team from 1 November 2024:
- Will Sadler, Chief Risk Officer
- Sam Horskins, Chief Financial Officer
- Ningning Lyons, Chief Strategy Officer
- Suzanne Branton, Chief Investment Officer
- Kathleen Crawford, Chief Operating Officer
- Robyn Judd, Chief People Officer
- Jean-Luc Ambrosi, Chief Member Officer
- Simon Reiter, Chief Technology Officer
About Spirit Super
Spirit Super was established in 2021 through the merger of Tasplan and the Motor Trades Association of Australia Superannuation Fund. As the fund for hard-working Australians, with a focus on growing membership in regional Australia, Spirit Super has over 350,000 members and approx. $30 billion in funds under management.
About CareSuper
CareSuper was established in 1986 and is today the super fund for life for people who value high performance and a smoother investment ride over the long term. CareSuper has 222,000 members and funds under management of $22 billion.
Media inquiries can be directed to David Imber, 0413 274 204 or [email protected]