Super funds MTAA Super and Tasplan have announced they will be known as Spirit Super after completion of their much-anticipated merger on 1 April 2021.
Spirit Super will be Australia’s newest Industry Super Fund and will have approximately $23 billion funds under management and approximately 326,000 members across Australia.
MTAA Super CEO Leeanne Turner said the new name perfectly represents the fund’s drive to be a national super fund that offers superior service, value, and member focus.
“What I love about Spirit Super is it captures the energy of what we’re about,” Turner said. “It’s fresh and optimistic and innovative — everything we want to be. The new name also speaks to the past achievements of our funds,” Turner said.
The merger follows a successful year for MTAA Super and Tasplan, with both funds receiving Platinum ratings by SuperRatings and being named ‘Best Value for Money’ funds for 2020.
“That’s what makes this merger so exciting,” Turner said. “This isn’t about a big fund absorbing a smaller fund. It’s about two successful funds coming together to get even better. It’s a true partnership that will provide a better super experience and outcomes to members across the nation.”