QSuper
TypeNot for profit
IndustrySuperannuation
Founded1912
HeadquartersBrisbane, Queensland,
Australia
Key people
Michael Pennisi (chief executive officer)
Websiteqsuper.qld.gov.au

QSuper was an Australian superannuation fund based in Brisbane, Queensland. The fund was established in 1912 through an Act of Parliament.[1] 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.[2] On 26 Oct 2015 Michael Pennisi, the chief strategy officer replaced Rosemary Vilgan as CEO, who had served in that position for 18 years.[3]

QSuper was a not-for-profit fund and has a MySuper authority, with around 585,000 members and $113 billion funds under management.[4] The fund was 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.[5]

On 28 February 2022, QSuper merged with Sunsuper to become part of the Australian Retirement Trust.[6]

Awards

SuperRatings fund of the year for the 2014/15 and 2015/16 financial years[7]

Chant West Best Fund for Member Services 2016[8]

Chant West Best Fund Innovation Award 2016 [9]

Awarded Pension Fund and Large Fund of the Year at the Conexus Financial Awards 2016[10]

Best Fund: Investments, Chant West 2017 [11]

Pension Fund of the Year, 2018, Conexus [12]

Pension of the Year 2019, SuperRatings [13]

Best Pension Fund Manager, 2019, Money Magazine [14]

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.[15] QSuper has options for members to invest in cash, shares, term deposits and exchange traded funds.[16]

Management

The CEO was Michael Pennisi, who replaced Rosemary Vilgan in 2015.

Services

References

  1. ↑ "Public Service Superannuation Act of 1912 (3 Geo V, No 28)". www.austlii.edu.au. Retrieved 11 December 2016.
  2. ↑ "Structure and background | QSuper Superannuation Fund". qsuper.qld.gov.au. Retrieved 11 December 2016.
  3. ↑ "New QSuper CEO selected from within". 24 August 2015.
  4. ↑ "Online advice and applications underpin QSuper's financial planning push". 14 August 2015.
  5. ↑ "QSuper another step closer to opening its doors". qsuper.qld.gov.au. Retrieved 11 December 2016.
  6. ↑ "QSuper now part of Australian Retirement Trust". qsuper.qld.gov.au. Retrieved 1 March 2022.
  7. ↑ "Awards". www.superratings.com.au. Retrieved 23 November 2016.
  8. ↑ "Chant West Awards 2016 Winners & Finalists".
  9. ↑ "Chant West Awards 2016 Winners & Finalists".
  10. ↑ "Awards | QSuper Superannuation Fund". qsuper.qld.gov.au. Retrieved 11 December 2016.
  11. ↑ "Chant West Awards 2017 Winners & Finalists".
  12. ↑ "Super Fund of the Year 2018 and all the winners". 8 March 2018.
  13. ↑ "Ratings and Awards".
  14. ↑ "Best Pension Fund Manager".
  15. ↑ "QSuper's Vilgan worked to manage outcomes, not accumulation". 10 November 2014.
  16. ↑ "QSuper launches tax savvy SMSF alternative for hands-on investors". 31 August 2014.
  17. ↑ "QSuper makes pioneering life insurance play with QInsure". 22 May 2016.
  18. ↑ "Industry funds moving into financial advice, QSuper boss says". 28 May 2015.
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