POWERED BY MOMENTUM MEDIA
(October-2003) No comment on three-way fund merger
Three industry funds — the $370 million Australian Primary Superannuation Fund, the $26 million HortSuper and the $58 million Australian Hardware & Timber Industries Superannuation (AHTIS) Plan — are believed to be in merger talks.
None of the funds, however, were willing to confirm the discussions.
Australian Primary Superannuation Fund CEO John Ruskin says: “I am not in a position to confirm or deny [that we are in talks].”
HortSuper fund secretary Ken Peters says his fund has been in various discussions for years. “We do know that we are small and have to do something about it. But where we are going still has to be decided.”
AHTIS plan secretary Chris Hoey also declined to comment at this stage.
AUTHOR
Tom Collins
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