ARF and STA confirm $18bn merger

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AUSTRALIA - The A$9bn Australian Retirement Fund (ARF) and the $8bn Superannuation Trust of Australia (STA) have confirmed they are to merge in June this year and be fully operational by 1 July.

The decision to merge was made after their consultants Rice Walkers Actuaries concluded in a very comprehensive report that a merger would be in the best interests of both members and employees. ...

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