Two more super funds consider merger

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AUSTRALIA- Two South Australian superannuation funds, the A$1.7bn Local Super and A$2.4bn StatewideSuper, are having "detailed" discussions about merging, the funds have confirmed.

Juliet Brown, chairman of Local Super, and Nicholas Begakis, chairman of StatewideSuper, said preliminary reviews by both boards indicate that a merger may be in the best interests of their respect...

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