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AGEST confirms AustralianSuper merger date
AGEST has confirmed its members will transfer to AustralianSuper at the beginning of next year.
The merger will occur overnight on 31 December, with AGEST members transferred into AustralianSuper's new public sector division effective 1 January 2013.
AGEST said member benefits had already been introduced to AustralianSuper's offering, including daily switching which AustralianSuper announced last month. It will become available in January.
Daily investment return updates and financial planning services in Canberra and Darwin were also retained for the advantage of AGEST members, the fund said.
The merger was announced in December 2011 but deferred last June in lieu of Government's decision regarding capital gains tax relief.
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