Energy Super is moving to 333 Ann Street, Brisbane, Qld 4001 on 7 December 2021.

During December 2021, appointments with a financial adviser will still be at our old Eagle Street office. From Monday 3 January 2022, appointments with a financial adviser will be at our Ann Street office. For all our new details visit our contact us page.

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Updated FAQ's

Energy Super and LGIAsuper have signed a Heads of Agreement and transition planning is underway. The proposed merger will create a combined fund managing more than $20 billion in retirement savings on behalf of around 120,000 members in Queensland and right across Australia.

Why are we contemplating a merger?

Across the superannuation industry, we’re continuing to see ongoing merger activity.

One of the key reasons for this is the potential benefits that greater size and scale can deliver to members. These benefits include increased investment opportunities, lower investment and administration fees and greater scope to enhance products and services.

So while Energy Super continues to perform very well in its own right, we believe that it’s important to get on the front foot and make sure that our members get the best possible outcomes from their retirement savings.

As a profit-for-members fund, we always put the interests of our members first. That’s why it’s important for us to choose a potential merger partner that shares the same values.

What does the Heads of Agreement mean?

Energy Super and LGIA have worked closely together to conduct thorough due diligence. This process has highlighted the similarities and alignment between the two funds together with the potential for the combined scale to deliver better outcomes for all members.

As a result, the Trustee Boards of both Energy Super and LGIAsuper have signed a Heads of Agreement, which provides in-principle support for the merger to proceed.

This means that the merger has moved to the next stage of the process, which will focus on transition planning and a formal decision whether to continue or not.

When will we know if the merger is going to proceed?

Work is well underway on the implementation of the merger, with a focus on establishing a joint organisation and a single MySuper product to take effect on 1 July 2021.

All changes during the transition process will have minimal impact on members and take place internally.

Is there anything I need to do while the process takes place?

For now, things will remain the same and you are not required to take any action.

We expect there will be minimal impact on our members in the foreseeable future — we’re continuing to explore the merger opportunity. We will keep you informed of any material decisions that may be important to you as a result of these discussions.

Will I need to vote for a potential merger to go ahead?

No, you will not need to vote. The decision on whether to proceed with a merger will be made by the Trustee Board of Directors for both Funds.

The Trustee Board will consider the merits of any potential merger and most importantly whether it’s in best interests of members overall.

What are the potential benefits to members?

LGIAsuper is a profit-for-members industry super fund just like Energy Super. And like us, they also take a very responsible and active approach when it comes to managing the retirement savings of members.

Through the due diligence process, Energy Super have identified the following potential benefits for members:

  • Increased range of investment opportunities
  • Strong and sustainable long-term returns
  • Lower investment and administration fees
  • Access to enhanced products and services
  • Even greater presence in regional areas

By combining these two award-winning funds, we’ll further strengthen our internal teams and service delivery model to provide increased support, education and advice.

What will a merge mean for me?

With increasing merger activity across the superannuation industry, funds are realising the potential benefits that greater size and scale can bring for members.

From Energy Super’s perspective, a merger will only proceed if it is in the best interests of our members. If successful, this will result in a $20 billion fund with approximately 120,000 members, which will be the 3rd largest profit-for-members fund based in Queensland.

Following the announcement of Kate Farrar as the appointed CEO does this mean Energy Super and LGIAsuper have merged?

Energy Super and LGIAsuper are continuing to work on the transition planning and a formal decision will be made in the coming months. We are committed to delivering benefits for our members of both funds, while retaining the aspects that make each so strong and unique. The announcement of the CEO has no immediate effect on the everyday business of Energy Super and the CEO for each super fund will not change before the proposed merger date of 1 July 2021.

Both CEO’s will continue to work in collaboration during the transition period to the new Merged Fund until 1 July 2021.

What does this mean for Energy Super’s people?

Both Energy Super and LGIAsuper have teams of very experienced and knowledgeable staff who are dedicated to providing the best possible support to members.

The combined entity will only require one set of Executives and these individuals will be selected on a merit-based approach.

We expect the process we are undertaking will have minimal impacts on our people in the foreseeable future and they will continue to provide the high level of service and support that you currently enjoy.

Who is LGIAsuper?

For 55 years, LGIAsuper has represented Queenslanders working in Queensland local government.

Now open to the wider community, LGIAsuper is a profit-for-member fund, managing more than $12 billion in retirement savings for around 75,000 members.

With a member-first philosophy, they have achieved some of the highest ratings possible from the top rating agencies in Australia, including 10 year Platinum rating from SuperRatings and AAA rated from SelectingSuper for 7 years in a row.

In addition, LGIAsuper was a finalist in the 2020 Chant West Conexus Financial Awards for Best Super Fund and Best Member Services.

Like Energy Super, LGIAsuper shares a focus on delivering solid performance returns over the long term, keeping fees as low as possible and is passionate about personalised member service.

Is there a difference between an industry fund and a profit-to-member fund?

Industry funds are run with the philosophy to deliver all profits to members, so they are known as profit-for-member funds. In contrast, retail funds are run to deliver any profits directly to shareholders.

Both Energy Super and LGIAsuper are profit-for-member industry super funds.

How can I find out more?

While the merger process is ongoing, we’ll keep you informed of any material decisions that may be important to you as a result of these discussions.