Over the past twenty years the Trustee has undertaken thirteen successful mergers that have seen the Fund expand the service offering for both members of our Fund and those who join with us. In all of these mergers our approach has been to ensure we are of a similar culture and we wished to exploit the best aspects of both Funds.
This year we undertook negotiations with a potential merger partner over a number of months. We considered and followed Australian Prudential Regulation Authority governance practices for mergers. Unfortunately on this occasion we did not proceed to a merger as after careful consideration the Trustee deemed it not to be in the best interests of our members.
We will continue to look for opportunities, with a focus on funds looking to utilise our in-house capabilities, such as administration and IT, a feature that helps us to provide such a strong level of service to our members.