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Suncorp Group Announces Sale of the Australian Wealth Business

28 Apr 2021  |  08:06:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Sale of the Australian Wealth Business

Suncorp Group announced that it has entered into an agreement for the sale of its Australian Wealth business, Suncorp Portfolio Services (SPSL), to LGIAsuper. The sale follows a strategic review which commenced in February 2020. The review considered a range of options and the potential impact on superannuation members and the Group's people and shareholders.

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