Published 7 October 2020
LGIAsuper has today announced it is in the initial stages of exploring a potential merger opportunity with fellow leading Queensland profit-for-member superannuation fund, Energy Super.
The two funds signed an exclusive Memorandum of Understanding (MOU) to enter a due diligence process that will consider how a merger could allow LGIAsuper to innovate and compete more effectively, while still maintaining its boutique fund status and values.
LGIAsuper Chair John Smith said while the merger exploration was in the early stages, the fund was optimistic that this merger could provide an opportunity for the fund to grow and provide enhanced benefits to members.
“We pride ourselves on our commitment to keeping members’ best interests at the core of all we do, and that is the lens through which we are exploring this opportunity,” Mr Smith said.
“Both LGIAsuper and Energy Super share a decades-long history of serving Queenslanders, strong investment track records, member-first philosophies, and a focus on personalised service.
“We believe the areas of alignment encourage further exploration of whether we could better deliver for our members as a combined fund,” he said.
If the due diligence process reveals that a merger is in our members’ best interests, the fund would remain boutique and personal, but with greater size and scale to serve our members, reduce costs and maximise returns without sacrificing what makes us different.
As LGIAsuper explores this opportunity our members do not need to do anything. However, we will continue to keep you informed. If you have any questions, we’re here to help. Please do not hesitate to contact us on
1800 444 396