Australian pension funds TelstraSuper, Equip Super plan to merge

Australian pension funds TelstraSuper, Equip Super plan to merge

Australia. Photo by Josh Withers on Unsplash

 TelstraSuper, the pension fund arm of telecom major Telstra TLS.AX, said on Wednesday it is exploring a potential merger with bigger peer Equip Super, which could create a combined fund with around A$60 billion ($40.57 billion) in management.

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