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EISS Super and Cbus Super merger discussions

 

EISS Super and Cbus Super merger discussions

On 17 December 2021, EISS Super and Cbus Super signed a Memorandum of Understanding (MOU) to work towards completing a merger in 2022.

Based on discussions with Cbus Super and the comprehensive proposal put forward by them as part of EISS Super’s tender process, we believe partnering with them 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 Super have 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. They also have an existing connection to the energy industry with over 36,000 members working in electrical trades. This means they have insurance arrangements in place 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.

Signing an MOU is an important step in the merger process, but we are still in the early stages. The below diagram outlines the process that will be followed.

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