When Superannuation Trust of Australia and Australian Retirement Fund (ARF) merged in 2006, the combined entity had 1.2 million members and $20 billion in funds under management.
Newly-appointed chief executive Ian Silk said at the time the new fund, named AustralianSuper, would focus on providing higher quality products and keeping fees low.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
