No. Equip Super will continue to operate as usual, with no change for members. There will be no impact on day-to-day operations, with no changes to your account or the services we offer.
Merger update
On 21 May 2025, Equip Super announced that its proposed merger with TelstraSuper would not be proceeding.
In addition to communicating directly with you, this page has been refreshed to answer some frequently asked questions.
Merger update
On 21 May 2025, Equip Super announced that its proposed merger with TelstraSuper would not be proceeding.
In addition to communicating directly with you, this page has been refreshed to answer some frequently asked questions.
Frequently asked questions
In November 2024, Equip Super and TelstraSuper signed a binding Heads of Agreement to proceed with a 'merger of equals' between the two funds. At that time, the two funds had agreed a pathway to undertake a merger that was thought to be in the best financial interests of members of both funds. At Equip Super, we had determined that a merger with TelstraSuper could increase the scale we have built through previous mergers and deliver further benefits to our members.
TelstraSuper has now taken the decision to terminate the binding Heads of Agreement.
While we’re disappointed with TelstraSuper’s decision, Equip Super is in the strong position of already being a fund of scale, having grown rapidly over the past decade through a series of mergers including with the Rio Tinto, Toyota and BOC Gases corporate funds. The benefits to our members are clear – we have been able to reduce administration fees three times in the past five years from 25 bps to 19 bps.
Our focus has always been on delivering the best possible retirement outcomes to members, through strong performance, competitive fees and excellent service, and this is where our focus remains now. Given our strong financial position, the Board will now explore the option of providing a further fee reduction to members.
On 21 May 2025, we made a public announcement advising that the merger with TelstraSuper would not proceed.
Previously, we made a public announcement in December 2024 advising that we had signed a binding Heads of Agreement, agreeing to proceed with a ‘merger of equals’ between TelstraSuper and Equip Super. This announcement included emailing members, employers and other key stakeholders.
Prior to that, we made a public announcement in September 2024 regarding our intention to explore a merger of equals with TelstraSuper.
We are committed to communicating transparently with our members, employers and other key stakeholders when there are major updates regarding their superannuation fund.
If you have any questions about this announcement, or any other aspect of your Equip Super membership, please contact us.
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