HESTA statement on proposed acquisition of GROW Inc
HESTA
28 August 2026
To be attributed to a HESTA spokesperson:
HESTA is pleased to support MUFG Pension & Market Services’ proposed acquisition of GROW Inc as we believe the transaction has the potential to accelerate platform development and delivery of enhanced, personalised member services.
While the acquisition remains subject to conditions, including regulatory, shareholder and court approvals, as an early adopter of GROW's innovative technology, our established relationship with both organisations positions us well to continue to optimise the platform.
GROW is an external service provider to HESTA and the existing platform remains in place. The proposed change of ownership does not affect members' super, with their savings remaining invested by HESTA as usual. We do not expect an impact to our contact centre or core processes, with contributions and payments processed as normal.
We continue to look at ways to deliver better value and service to members. From 30 September 2026, members will benefit from lower administration fees on income stream accounts, and this follows a reduction in both insurance and investment fees for members in the past 12 months.
Ends.
About HESTA
HESTA is one of the largest superannuation funds dedicated to Australia’s health and community services sector. An industry fund that's run only to benefit members, HESTA now has more than one million members (around 80% of whom are women) and currently manages approximately $107 billion* in assets invested around the world.
*Information is current as at the date of issue.
