EISS Super and Cbus Super merger discussions

 

EISS Super and Cbus Super merger discussions
Due Diligence stage - July 2022

On 17 December 2021, EISS Super and Cbus Super signed a Memorandum of Understanding (MOU) to work towards completing a merger of the two funds.

We have been working with Cbus to finalise the due diligence process and prepare the merger agreements and legal documents needed to support the merger.

Based on the ongoing discussions, and the due diligence we have undertaken, we believe partnering with Cbus will provide EISS Super members with access to greater economies of scale and investment opportunities that will ensure members’ interests continue to be protected in the long term.

Cbus has a proven track record of strong investment performance and a commitment to member service that will help enhance the retirement outcomes of EISS Super members. It also has an existing connection to the energy industry, with over 36,000 members working in electrical trades. This means Cbus has insurance arrangements that address the risks of working in the energy industry, which will benefit EISS Super members by ensuring they continue to receive cover based on the type of work they do.

We are currently developing the merger implementation plan with Cbus to transfer all members to Cbus in the first half of 2023. We will share the final transfer date with members once confirmed with key service providers.

The merger process

Merger steps

  

Frequently asked questions