HIP Super and Prime Super, two industry superannuation funds, are in advanced merger talks to create a fund with more than $2 billion in assets and 164,000 members.
The deal underscores the prevailing trend of consolidation in the superannuation industry as organisations strive to rationalise costs and expand their funds under management.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
