POWERED BY MOMENTUM MEDIA
QSuper and Sunsuper to re-brand
QSuper and Sunsuper will be known as Australian Retirement Trust following the merger between the two superannuation funds.
Australian Retirement Trust would look after over $200 billion in retirement savings for more than two million members.
The QSuper brand would continue, as a part of Australian Retirement Trust.
Announcing the new brand, QSuper said it would also offer financial advice online or via telephone at no extra cost to the member.
The merger was scheduled to take effect from 28 February, 2022, subject to regulatory approval. However, this was several months later than planned as it had been due to complete in November 2021, which was already a revised date from September.
Don Luke, current chair of QSuper, would be chair of the merged fund and Bernard Reilly, current chief executive of Sunsuper, would be chief executive.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
ASIC chair Joe Longo has delivered a blunt warning to superannuation trustees, cautioning that board-level ignorance of member complaints and internal failings will not be tolerated and could trigger enforcement action.
ART has cautioned regulators against imposing overlapping obligations on superannuation funds already operating under APRA’s comprehensive framework, saying that additional oversight should be “carefully targeted to address potential gaps in other parts of the market”.
The super fund has appointed Simone Van Veen as chief member officer.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
