Reading time: 21 April 2023
A better future for everyone in transport and mining
We are pleased to advise that TWUSUPER and Mine Super are moving towards a merger following the execution of a Heads of Agreement to create a combined industry super fund managing nearly $20 billion for over 150,000 members.
In a joint statement, TWUSUPER Chair Nick Sherry and Mine Super Chair Christina Langby stated their continued commitment to the merger process.
"Our funds share a strong heritage of member first values, and our vision continues to be aligned in creating a sustainable fund which protects and promotes the retirement savings of workers in the mining and transport industries."
Next Steps
Both TWUSUPER and Mine Super will continue our due diligence and planning to confirm if the merger is in the best interests of our members, and develop an operating model to provide quality services to members. Subject to due diligence, it is anticipated that the merger will be finalised in early 2024
What that means
Since 1984 TWUSUPER has been the industry super fund for the people who keep Australia moving. Forty years later it still matters that people in transport have a super fund created for and by the transport industry, tailored to its needs, run only to benefit members, and with a focus on the future.
Both TWUSUPER and Mine Super have long track records of delivering a better future for people in transport and mining, with services tailored to the unique needs of these key industries.
That focus on transport and mining won’t change. The combined super fund will have even greater scale and resources to keep backing the people who keep Australia moving.
We will continue to deliver strong long-term investment returns, lower fees, and insurance that covers everyone in transport to deliver a better, more secure future for members.