TelstraSuper & Aware Super Announce Merger Plans
TelstraSuper has today announced that it has signed a non-binding Memorandum of Understanding (MOU) with Aware Super to explore a potential merger between the two superannuation funds.
The merger would bring together two profit-to-member funds—TelstraSuper and Aware Super—creating a combined fund with approximately $228 billion in funds under management and servicing more than 1.3 million members.
This proposed merger represents a significant opportunity to enhance outcomes for all members by building scale, driving efficiencies, and combining strengths.
Both TelstraSuper and Aware Super have strong track records of putting members first. The proposed merger will:
- Unite digital innovation from Aware Super with TelstraSuper’s personalised service excellence
- Aim to deliver lower fees, a wider investment menu, and a national servicing footprint
- Offer enhanced retirement solutions, financial guidance, and advice tailored to members’ needs
A comprehensive due diligence process will now be undertaken by both funds to ensure the merger is in the best financial interests of members. If successful, the merger is expected to proceed via a Successor Fund Transfer (SFT) in the fourth quarter of the 2025–26 financial year.
Until then, there is no change to your super:
- Both funds will continue to operate independently
- No action is required from members at this time
- There will be no disruption to member services or employer contributions
Who is Aware Super?
Aware Super is one of Australia’s largest super funds, managing $200 billion for 1.2 million members. The fund is known for delivering strong long-term returns and offering trusted advice to help members enjoy a secure and confident retirement.
Your Union, CWU, will continue to monitor developments closely and advocate for the best interests of members throughout the merger process.
If you have concerns, contact your CWU Branch representative.
