Equip announces joint venture with Catholic Super
Superannuation | 30/04/2019 |
3 min read
Equip has announced plans for a joint venture with Catholic Super. It will bring the two funds under a single trustee, with $26 billion in assets and around 150,000 members Australia-wide.
The Equip name and day-to-day operations will remain the same, but we expect members will benefit from increased scale, capability and cost-efficiency.
Under the joint venture, Equip’s investment options, member services (including website and app), financial planning and insurance will remain unchanged. In other words, we don’t expect members to experience any impact or service interruptions as the venture comes together.
This innovative shared trustee model enables funds to work together and achieve scale without disrupting or compromising the products, services or values that members expect of their funds.
Equip’s Chair, Andrew Fairley AM, said: “We are delighted to enter into this agreement with a like-minded fund that's focused on profits solely for the benefit of members. This joint venture will contain costs and drive stronger performance through efficiencies and scale of investments.”
Equip looks forward to bringing more news of our progress in the months ahead.
Read the full joint venture press release by clicking here.