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QSuper cracks $20 billion milestone
Big Queensland superannuation fund QSuper has reached a significant milestone, passing $20 billion in funds under management this month.
According to QSuper executive officer Rosemary Vilgan, the $20 billion milestone was achieved just 17 months after the fund reached its 15th anniversary and $15 billion in funds under management.
She attributed the achievement to favourable market conditions and good management of the fund’s investments.
“Our members have also directly contributed to this achievement by making more than $1.2 billion in employee contributions, voluntary contributions, spouse contributions and roll-ins from other funds in the 2005-06 financial year alone,” Vilgan said.
AUTHOR
Mike Taylor
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