Media Super’ with $2 billion bankroll

The new fund, which has yet to be formally named, will have 108,000 members and over $2 billion in fund under management. Print Super’s CEO Ross Martin will head up the new fund.

Just represents the media, entertainment and art industries while Print represents the printing and graphics sectors. A merger will enable the funds to capitalise on the considerable synergies of the industries they cover, while remaining competitive. Members are set to benefit from continued low fees, strong performance and enhanced products and services.

According to Phillip Andersen, CEO of Printing Industries and board member of Print Super, it is a true merger, not a takeover. “There will be real benefits to members from the economies of scale. Being bigger will allow us to get better deals from fund managers as well as provide better services,” he said.

As an example he proposed that the current administration fee of $1.80 per week per member could be reduced to $1.40. Gerard Noonan, Chairman of Just said: "The two funds cover complementary industries. The memberships are a natural fit allowing the merged entity to have a clear industry focus while offering members the benefits of greater economies of scale, including low costs and enhanced products and services."

The target date for the merger is 30 June 2007.