CSF reaffirms intention to merge

Amid market speculation that Catholic Super has found two funds with which to merge, its chief executive, David O’Sullivan, has reaffirmed that the fund plans to seek funds to merge with but declined to confirm merger partners had already been identified.

When asked by Super Review, the chief executive said: “Catholic Super, one of the best performing funds in the country, has always made it clear that, consistent with members’ best interests, it plans to seek suitable merger partners.

“High performing funds who share our values and passion for delivering high value service to members are of interest to us.”

On whether funds had yet been approached however, O’Sullivan said that it was inappropriate to speculate on the status of any discussions.

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Wonder if this merger will dry up donations going to the Catholic Church?

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