Guild Group Holdings announces strategic partnership with Future Group
Guild
Group Holdings is pleased to announce that it has entered into a strategic partnership
with the Pharmacy Guild of Australia and Future Group to improve superannuation
services and outcomes for Guild Super members and ensure its ongoing
sustainability.
GuildSuper
has $2.8 billion in funds under management and over 96,000 members and includes
Child Care Super - a separate brand that operates within the same fund. The
transaction sees both GuildSuper and Child Care
Super joining the Future Group stable of funds, which include Future Super and
smartMonday (smart Future Trust).
The
Trusteeship of the Guild Retirement Fund has transitioned from Guild Trustee
Services to Equity Trustees Superannuation Limited, after this transition and
the wider transaction were approved by the Victorian Supreme Court on Monday 30
October.
The
strategic partnership with Future Group provides improved products and services
for fund members and the ongoing delivery of a unique super offer to pharmacy,
healthcare and community services sectors.
Guild Group Holdings
Chief Executive Paul Cassidy says: “By consolidating our superannuation
offering under Future Group we are looking forward to our members benefiting
from better financial outcomes while ultimately securing a sustainable and
strengthened future for the fund.”
Mr Cassidy
adds: “We see a values alignment with Future Group. Under Future Group,
GuildSuper will continue to support the healthcare and community service
sectors and continue to prioritise the financial futures of women and their
families.”
The partnership
will provide a pathway to a sustainable future for both funds, delivering
improved outcomes for members via reduced fees, expanded investment capability
and increased services such as intra-fund advice.
Future
Group Founder and Chief Executive Simon Sheikh says: “Following this
transaction we will be supporting over 383,000 members with over $13.4 billion
in Funds Under Management and Advice across four brands: GuildSuper, Child Care
Super, Future Super and smartMonday.”
“As
Future Group continues to grow and scale our focus is on ensuring we can
improve outcomes for members,” Sheikh adds.
In
addition to this strategic partnership, Guild Group Holdings will continue to
support pharmacy, healthcare and community services sectors through its Guild
Insurance, Meridian Lawyers and Gold Cross businesses.
Media queries:
ALANA THEODOR (She / Her)
Head of Communications, Future Group
ph: 0420 525 556