First State Super and Health Super to merge

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AUSTRALIA - Superannuation funds First State Super and Health Super have confirmed plans to merge to create one A$28bn ($27.6bn) scheme, one of the largest in the country.

The tentative deal, which is expected to go through on 30 June 2011, will put the new fund among the top five largest super funds in Australia. It will include some 750,000 members. First State ...

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