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Memorandum of Understanding (MOU) between Australian Ethical and Christian Super.


6 April 2022   |   3 min read


We have signed a MOU to explore an opportunity that would see Christian Super transition their members into our own super fund here at Australian Ethical.

If we proceed, it would mean little change to AE. It’s not a pivot in AE philosophy towards religion of any kind, it’s a transition of members from one fund to another.

To reiterate, the following would not change, not today, not tomorrow, not ever:

  • The ethical way we invest your money
  • our Ethical Charter
  • our engagement with companies
  • our advocacy for a better world
  • our positions on

    • marriage equality
    • diversity
    • LGBTIQ rights
    • climate change

These are core to who we are, and who we have always been since we began investing ethically in 1986. In other words, the reasons why you chose to invest your money with us - remain unchanged. They’re displayed here, loud and proud.

This comes at a time when it’s never been more important for people to invest for a better world. To use their money to address the challenges the world faces.

This week’s IPCC report spells out how our window for climate action is closing. And fast.

As a member, you will understand the power of money in driving change we need. The opportunity to welcome an extra 30,000 Australians to Australian Ethical would significantly amplify our positive impact at a time when it’s never been so urgent.

The fact is people are motivated to invest ethically for all kinds of reasons. Our role at Australian Ethical is not to question those reasons, but to help them invest their money in a way that ensures a better future for them, and the world around us.

FAQs

No. We have signed a MoU to explore an opportunity that would see Christian Super transition their members into our own super fund here at Australian Ethical. Signing the MoU means we have entered a period of what’s known as due diligence to determine if transitioning Christian Super members into Australian Ethical Super would be in all our members’ best financial interests.

We’re anticipating that the due diligence will be completed by the end of May. Should we decide to proceed, Christian Super members would join Australian Ethical Super via a successor fund transfer (SFT) in late 2022 or early 2023.

Nothing. It’s business as usual while we explore what looks to be a good opportunity to improve outcomes for you, our members, as well as the world around us.

We’ve seen significant growth at Australian Ethical. And thanks to our growing size, we’ve been able to pass on benefits such as fee reductions to our members through what’s known as economies of scale. The anticipated additional scale of this opportunity would accelerate these benefits but without compromising the service and strong returns you’ve come to expect from us, together with how we invest.

No. Our Ethical Charter, our ethical frameworks, our advocacy, and our unique inclusive culture will remain the same. The same goes for how we invest your money. If anything, these are simply strengthened by the prospect of an additional 30,000 Australians joining us and investing for a better world with Australian Ethical.

You may have read about government policies that are encouraging some superannuation funds to consider merging into other strong performing funds like Australian Ethical.

As such, the Board of Christian Super has been conducting a thorough market selection over many months to determine its future and the best possible outcomes for its members. We are delighted they have chosen Australian Ethical as a potential fund to entrust their members’ futures to.

The discussions we have commenced means we can explore in more detail what synergies we have and whether merging Christian Super into Australian Ethical would be in the best interests of all our members. Initial discussions have been positive and indicate that the greater scale would provide significant benefits to the members of both funds.

No.

No.

No.

No.

No.

No. Our Ethical Charter, our ethical frameworks, our advocacy, and our unique inclusive culture will remain the same. The same goes for how we invest your money. If anything, these are simply strengthened by the prospect of an additional 30,000 Australians joining us and investing for a better world with Australian Ethical.

No.

Right now more Australians than ever expect their super to be invested ethically or responsibly. They’re motivated to invest ethically for a range of reasons, whether it’s their faith or personal conviction to do the right thing for society and the planet. We see this as another stage in our growth journey and hope to see people join us from all walks of life as we invest for a better world.

Yes. We are already actively investing in our member experience, building capacity in our contact centre, and investing in new tools to improve customer experience. Should the opportunity with Christian Super progress, we will also add some of the Christian Super team to support our growing business, with the opportunity to learn from their experience.