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Tasmania: Super merger gets green light

By  |  July 30, 2015

The Tasmanian Government has announced it supported a merger between Tasplan, Quadrant and RBF Tasmanian Accumulation Scheme to create a single Tasmanian superannuation fund.

According to Tasplan Super, the government will carry out a tender process to find a new provider for the RBF defined benefits services, where the merged fund will be able to partake in the tender process for the defined benefits services.

The scheme will not lose any entitlements and the government will be financially responsible for the schemes. The new provider will not be supporting the schemes.

The merged funds will have around 165,000 members and will manage around $6.5 billion.

Full content: Money Management

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