Australian Ethical completes merger with Christian Super

28 November 2022
| By Laura Dew |
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Australian Ethical Investment has gained over 28,000 members to its superannuation fund following completion of the successor fund transfer (SFT) with Christian Super.

In an announcement to the Australian Securities Exchange (ASX), Australian Ethical Investment said the SFT was completed on 25 November.

The merger was agreed in July 2022 after Christian Super failed the Your Future, Your Super performance test and was urged to merge with a larger fund.

Australian Ethical chief executive, John McMurdo, said: “We are delighted to welcome more than 28,000 new members who want to invest ethically and look forward to communicating the benefits of increased scale to all super fund members which we’ll be passing on as fee reductions.

“The increased scale achieved through this transfer will further grow Australian Ethical’s influence and impact as one of Australia’s leading pure-play ethical investment firms.”

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