QSuper was an
Australian superannuation fund based in
Brisbane
Brisbane ( ) is the capital and most populous city of the states and territories of Australia, Australian state of Queensland, and the list of cities in Australia by population, third-most populous city in Australia and Oceania, with a populati ...
,
Queensland
)
, nickname = Sunshine State
, image_map = Queensland in Australia.svg
, map_caption = Location of Queensland in Australia
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, established_ ...
. The fund was established in 1912 through an Act of Parliament. The State Public Sector Superannuation Scheme was also known as the QSuper Fund. The board of trustees of the State Public Sector Superannuation Scheme (QSuper Board) was responsible for the management of the QSuper Fund. On 26 Oct 2015 Michael Pennisi, the chief strategy officer replaced Rosemary Vilgan as CEO, who had served in that position for 18 years.
QSuper was a not-for-profit fund and has a
MySuper
MySuper is part of the Stronger Super reforms announced in September 2011 by the Gillard Labor government for the Australian superannuation industry to replace the previous default funds system with a new default system using low cost and simple ...
authority, with around 585,000 members and $113 billion funds under management.
The fund is open to all Australians. On 1 December 2016, the Queensland Government passed legislation lifting application restrictions from just government employees and their spouses, which took effect on 30 June 2017.
On 28 February 2022, QSuper merged with
Sunsuper to become part of the
Australian Retirement Trust
The Australian Retirement Trust (ART) is an Australian superannuation fund headquartered in Brisbane, Queensland. With $230bn under management and over 2 million members, it is Australia's second-largest superannuation fund.
History
The Aust ...
.
Awards
SuperRatings fund of the year for the 2014/15 and 2015/16 financial years
Chant West Best Fund for Member Services 2016
Chant West Best Fund Innovation Award 2016
Awarded Pension Fund and Large Fund of the Year at the Conexus Financial Awards 2016
Best Fund: Investments, Chant West 2017
Pension Fund of the Year, 2018, Conexus
Pension of the Year 2019, SuperRatings
Best Pension Fund Manager, 2019, Money Magazine
Investment
There are a range of investment options available to members including an investment strategy that changes dependent upon a member's age and balance.
QSuper has options for members to invest in cash, shares, term deposits and exchange traded funds.
Management
The CEO was Michael Pennisi, who replaced Rosemary Vilgan in 2015.
Services
*
Superannuation
*
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
*Financial advice
References
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Australian companies established in 1912
Financial services companies established in 1912
Companies based in Brisbane
Superannuation funds in Australia