LGIAsuper completed the acquisition of the superannuation business of Suncorp for $45m.

LGIAsuper, a superannuation consultant, completed the acquisition of the superannuation business of Suncorp, an insurance brokerage firm, for $45m. “This acquisition, combined with the Energy Super merger, will achieve an ideal, sustainable fund size, while maintaining our status as a boutique and personal superannuation provider. With the superannuation industry consolidating rapidly, we want to see our Queensland-based funds thrive in an increasingly complex and competitive national market, and the best way to do that is together," Kate Farrar, LGIAsuper CEO.