In a statement, VicSuper said it had been “meeting regularly to discuss the viability and appropriateness of a merged fund”, and had identified some areas where a merger would benefit the fund's members.
However, “at this stage we have been unable to reach a mutually agreed position with Vision Super on the important topic of investment strategy”, the fund stated.
VicSuper said its goal was to ensure that any merger would be in the best interests of members, employers, staff and other stakeholders.
“VicSuper's main focus is ensuring any merger would be in the best interests of our members and employers,” the fund said. “Therefore, VicSuper and Vision Super have decided to cease further discussions and we will not be progressing to any further stages of this process.”
VicSuper said the fund is continuing with business as usual, including a focus on an improved website with enhanced online functionality, its MySuper product, and assisting employers with SuperStream implementation.
