The merged Fund is delighted to recommit to being the fund for motor trades and that deep in CareSuper’s industry-fund DNA will be that same drive to continue to deliver that the award-winning member experience and returns that Spirit Super members have been receiving.
Motor trades workers and employers will remain critical to the success of CareSuper. While the Fund undergoes this another name change on 1 November, what won’t change is the high level of service and commitment to strong financial returns.
Both funds decided it was in the best interests of members to call the fund CareSuper to take advantage of strong national recognition of the name, which has been in the market since 1986. Elements of the Spirit Super brand identity will be retained to highlight the shared national heritage and member focus, including Spirit Super’s distinctive logo which enjoys strong and positive recognition amongst members.
CareSuper will remain a profit-to-member Industry Fund, with a deep commitment to this evolving industry and continuing to look forward to help motor-trades and aligned industry members save for and enjoy their retirement.
In 2023 both Spirit Super and CareSuper were named in the top 10 performing funds over 10 years by the peak ratings agency SuperRatings. This year, both funds are finalists across a range of categories in the Super Review Annual Super Fund of the Year Awards.
Info you need to know about the merger can be found here- https://www.spiritsuper.com.au/News/Whats-changing-the-key-details-you-need-to-know
More information about Super Review Annual Super Fund of the Year Awards can be found here - https://www.superfundoftheyear.com.au/
BACKGROUND
About Spirit Super
Spirit Super was established in 2021 through the merger of Tasplan and the Motor Trades Association of Australia Superannuation Fund. As the fund for hard-working Australians, with a focus on growing membership in regional Australia, Spirit Super has over 350,000 members and approx. $30 billion in funds under management.
About CareSuper
CareSuper was established in 1986 and is today the super fund for life for people who value high performance and a smoother investment ride over the long term. CareSuper has 222,000 members and funds under management of $22 billion.