Employers please note – when making contributions via your clearing house or payroll provider, from 1 July 2021 the new Fund name is LGIAsuper, Product Name is Energy Super, USI is 23 053 121 564 004 and ABN is 23 053 121 564.Click here for more information.
We are merging – important information for you and your employees
The merger between Energy Super and LGIAsuper was successful on 1 July 2021. The merger will see the two funds continue to operate under their existing brands, managing more than $24 billion in retirement savings for around 123,000 members (combined figures from both Funds, as at 1 July 2021).
What does the merger mean to you as an employer from 1 July 2021?
We continue to operate under the Energy Super brand. There are some key changes that, as an employer, you will need to make.
Updates required to your superannuation contributions systems
From 1 July 2021 we will be operating under a different Fund Name, Australian Business Number (ABN) and Unique Superannuation Identifier (USI).
You don’t need to do anything in the QuickSuper system. All of your contributions on 1 July 2021 will automatically be redirected to the new USI/ABN for the Fund. Please, over time, update your member records with the new details in QuickSuper.
For your new employees from 1 July 2021 you will need to use the new USI/ABN or search under the organisation Energy Super. The old USI will not be available in the QuickSuper system.
For all other system users
On or after 1 July, and before you make superannuation contributions to your employees, you will need to update your records to reflect the new USI or ABN. The old USI will no longer exist and any payments made using the old details will be automatically rejected. Our new Fund Name is LGIAsuper, USI for contributions will be 23 053 121 564 004 and our new ABN is 23 053 121 564. The Product Name is Energy Super.
For your new employees from 1 July 2021 you will need to use the new USI/ABN or search under the organisation LGIAsuper, ensuring you select the correct USI of 23 053 121 564.
If you need any assistance with this please contact your Energy Super Relationship Manager or contact us on 1300 436 374.
What does this mean to your employees?
Existing Energy Super accounts of your employees have automatically transferred to the LGIAsuper Trustee from 1 July 2021. They will not see any changes to their account with Energy Super and they don’t need to do anything.
If your member is invested in the MySuper option immediately prior to the merger date, their MySuper balance will be invested in a new MySuper option that has been created for both Energy Super and LGIAsuper members.
We’re here to help
We’ll still be continuing operations as Energy Super and our same friendly team will be on hand for all your questions.