Big meat industry fund, AMIST, has launched a tender process around its asset consulting needs.
The fund, which is being advised by Deloitte, launched the tender process this month.
AMIST's current investment adviser is JANA.
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.