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Superannuation

Failed industry fund merger laid bare at Royal Commission

Energy Super backed down on its plan to merge with the now $14 billion Equipsuper, who wanted no union-nominated board seats for the merged fund, even though the merger would have delivered significant financial benefit to Energy Super's members, the Royal Commission heard.

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Read more: Energy SuperEquipsuperRoyal CommissionScott WilsonAndrew FairleyMark WilliamsonAlbert DinelliEnergy Trades UnionKPMGQueensland Services Union