WA Super has finalised its merger with fellow local superannuation fund Concept One, with the pair combining to form a $3.4 billion fund with more than 60,000 members.
The company said members would benefit from economies of scale, while the 20,000 Concept One members will now have access to more services and lower fees.
“By focusing on what’s important to our members, we will soon be able to offer access to convenient low-cost digital financial advice services,” he said
“This will make it quicker and easier for members to come to grips with their superannuation and allow them to play a more proactive role in growing their own retirement funds.
“There’s simply no better time than right now to start paying more attention to your super, and we want to make this easy for all members.”
Chairman Tim Shanahan said there would be a broad spectrum of benefits.
“This merger is a significant step forward for our members, our organisation and our state,” he said
“Western Australian workers and businesses will continue to have access to a locally based, member focused super fund.
“WA Super is local, but we think global, and are passionate about helping our members plan for the long-term.”