Superannuation

The Communication Workers Union acknowledges the recent announcement that TelstraSuper and Aware Super have signed a binding agreement to proceed with their proposed merger. While the CWU is not a party to the merger, we do have representation on the TelstraSuper Board of Directors and will continue to use these positions to advocate strongly for the interests of our members

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TelstraSuper has announced that it has signed a non-binding Memorandum of Understanding (MOU) with Aware Super to explore a potential merger between the two superannuation funds. The merger would bring together TelstraSuper and Aware Super creating a combined, profit-to-member, fund with approximately $228 billion in funds under management and servicing more than 1.3 million members. This proposed merger represents a

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Members of the Australia Post Superannuation Scheme (APSS) should shortly receive correspondence from the APSS Trustee regarding a detailed review they are embarking on, in an effort to explore a possible merger of the APSS with industry super fund Sunsuper. For some time, the Trustee board has been exploring options to provide APSS members with improved services and protection of

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Members would be well aware, by now, of the disturbing hearings during the Banking Royal Commission where it was revealed AMP, then fund manager of Australia Post’s default superannuation fund since 2012 (APSP), had misled the regulator on 20 occasions, interfered in the drafting of an independent expert report and charged customers fees for services they did not receive. Following

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Members would be well aware, by now, of the disturbing hearings during the Banking Royal Commission where it was revealed AMP, the fund manager of Australia Post’s default superannuation fund since 2013 (APSP), had misled the regulator on 20 occasions, interfered in the drafting of an independent expert report and charged customers fees for services they did not receive. Following

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If not already, members will shortly receive information separately from both the Australia Post and the Australia Post Superannuation Scheme (APSS) about a change to superannuation benefits by Australia Post for new employees employed after 1 July this year. Importantly, there is no changes being proposed or considered by Australia Post to superannuation benefits for all existing Australia Post employees

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