The Commonwealth Bank has rebranded its corporate superannuation fund Officers' Superannuation Fund to Commonwealth Bank Group Super.
In an effort to align the offering to the Commonwealth's national brand, Commonwealth Bank Group Super chief executive Doug Carmichael said the rebrand forms part of a strategy to better engage its members.
"We are clearly highlighting to members who we are, what we do, and where we come from," he said.
"But more importantly, the rebrand is about ensuring we deliver on our commitment to better interact with our members, to better inform and educate, and to better help members make the right choices for their retirement lifestyle," Carmichael said.
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.