We’re making changes to our retirement products
As many members will recall, in 2019 Catholic Super (and MyLife MyPension) entered a joint venture with Equip Super that resulted in a merger between the two funds in 2021. MyLife MyPension members have already enjoyed several benefits from this merger, most notably through a substantial reduction in investment fees.
The changes we’re making at 1 July 2023 help us to consolidate how we administer and operate the Fund, leading to better outcomes for our members. Importantly, these changes will also strengthen our foundation as a fund, positioning us for future growth and stability.
As part of this consolidation, the MyLife MyPension brand will be retired, with all members automatically moving into Catholic Super. Catholic Super has always been the super fund behind the MyLife MyPension brand, offering the same benefits. It’s a change in name only – you’ll still receive the same quality pension products and services that you’ve always received from us.
There’s nothing you need to do as a result of these changes, and your usual income payments from your account will not be affected. However, please note that there may be some temporary impacts to some of our services as the changes are implemented.