CareSuper and The Meat Industry Employees’ Superannuation Fund (MIESF) have entered into a Heads of Agreement to explore a member transfer into CareSuper.
The announcement came after CareSuper officially completed the merger with Spirit Super this month. The new $55 billion fund preserves the former’s name and the latter logo.
If undertaken, MIESF will add another 17,000 members to CareSuper and over $1 billion in assets under management.
The funds continue to operate independently while undertaking due diligence.
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