Jeff Bresnahan,the founder of researcher SuperRatings,said the merger would be the largest,by far,of the spate of mergers that have occurred over the past couple of years. And it will not be the last.
"Super will become more like the banking sector where you have five or six big players but with a series of smaller specialist funds serving the needs of particular demographics,"he said.
Both funds are good performers. Sunsuper was named super fund of the year by researcher SuperRatings last week. And QSuper won the pension of the year at the same awards.
"If such a merger comes to pass it would make for a colossus super fund,"said Alex Dunnin,the executive director,research and compliance at researcher Rainmaker.
Mr Dunnin said news of the merger talks is almost as if"funds want to initiate premium mergers with preferred partners before the good partners get snapped up."
It is the latest in string of mergers as fund seek scale benefits for members such as lower fees and more investment opportunities.
Mr Bresnahan said if the merger goes ahead,the merged funds,which are Queensland-based,would likely intensify efforts to broaden its membership nationally.