MTAA and Tasplan will be known as Spirit Super after the two superannuation funds merge on 1 April, 2021.
In an announcement, the funds said Spirit Super would have a joint funds under management of $23 billion and 326,000 members.
On the name MTAA Super chief executive, Leeanne Turner, said: “What I love about Spirit Super is it captures the energy of what we’re about. It’s fresh and optimistic and innovative — everything we want to be.
“This isn’t about a big fund absorbing a smaller fund. It’s about two successful funds coming together to get even better. It’s a true partnership that will provide a better super experience and outcomes to members across the nation.”
Turner also announced there would be a reduction in administration fees for all Spirit Super members.
“The details are being worked through, but there will be a drop in administration fees when Spirit Super kicks off. So right off the bat, members will start seeing the benefits of the merger,” she said.
I hate it…
Whats that analogy linking a certain orifice to opinions..
A much better name than MTAA, since its open for anyone. I like it.
What a stupid name, worse then the recently branded “Aware Super”. So the rev head industry fund and the in-bred industry fund become “Spirit Super”? Then the marketing hyperbole, “What I love about Spirit Super is it captures the energy of what we’re about. It’s fresh and optimistic and innovative — everything we want to be.”. Whoever wrote that had a good break next to a chemical plant. Just call in “Inbred rev-head super” and be done with it. A few less financial services jobs in Tassie shortly.