Australian pension funds Media Super, Cbus explore partnership

Australian pension funds Media Super, Cbus explore partnership

Pension fund visual. Credit: Business Korea

Pension funds Media Super and Cbus Super said on Thursday they will explore a joint arrangement to potentially manage retirement savings of more than 800,000 Australians.

The two superannuation funds, which have signed a memorandum of understanding, said the partnership intends to merge their investment and administration operations with an aim to be operational in 2021.

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