Today TelstraSuper finished trading. Members move to Aware Super via successor fund transfer — the public end of a path that started with last July’s MoU and October’s binding heads of agreement.
For staff, the quieter story has been underway for a while: roles that don’t fit the combined operating model, teams told their work won’t carry across, and the slow math of who stays, who goes, and when. Redundancies aren’t a single email on merger day; they roll. Investment first in some corners, then ops, support, and the rest of the machine that kept a fund running.
I’ve been here since late 2018. You don’t watch a place wind down without feeling it — the stand-ups that get thinner, the projects that get “parked”, the colleagues updating LinkedIn between tickets. The member transfer can be a success and the human cost still be real. Both things are true at once.
For me the next weeks are about closing work cleanly, looking after people in the same boat, and getting ready for whatever comes after a fund that was genuinely good to work for.