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| John Paul |
Asset Super has confirmed that it has been in discussions with a number of superannuation funds around the question of a merger, but its chief executive, John Paul, has denied that an announcement is imminent.
Suggestions have been circulating that Asset Super has been in discussions with both NSW’s First State Super and Queensland’s Sun Super, but Paul has declined to confirm or deny the status of talks with either fund.
“We are aware of reports that we are in discussion with various parties,” he said. “But any discussions we’ve had or are having are the subject to confidentiality.”
Paul added that the investment performance outcomes that prompted suggestions of the need for a merger on the part of Asset Super were no longer a central issue given recent improvements in returns.
He said while some discussions had taken place, it would be “presumptuous in the extreme” to suggest any outcomes had been reach.
