Quadrant and Tasplan enter into heads of agreement
Tasplan and Quadrant have entered into a heads of agreement to see if a merger of funds would bolster superannuation services to the members and employers of both funds.
The entity would have about 115,000 members and over $3 billion in funds under management should the merger go ahead.
Tasplan's chair Naomi Edwards said the funds would bring complementary aspects to a merger.
"Improved product range and quality, and expansion of services to all regional areas of Tasmania, are key considerations," she said.
Quadrant chair Brent Armstrong said a merger would benefit not only Tasmanian members but the broader community.
"A larger, stronger Tasmanian superannuation fund ensures that we retain employment and expertise within the state and maintain important local connections with our communities," Armstrong said.
AUTHOR
Malavika Santhebennur
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