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The Australian Retirement Trust was founded on 28 February 2022 following the merger between Sunsuper and QSuper. [4] It was the largest superannuation fund merger in Australian history. [4] On 30 April 2022, the Australia Post Superannuation Scheme (APSS) was merged into the Australian Retirement Trust. [5]
Sunsuper Superannuation Fund (Sunsuper) was an Australian public offer industry superannuation fund based in Brisbane, Queensland, Australia. It was established in 1987 as a multi-industry superannuation fund open to all workers and is profit-for-members.
AustralianSuper is an Australian superannuation fund headquartered in Melbourne, Victoria.It is an industry super fund, and so operates through a mutual fund structure.. With over A$ 340 billion of retirement savings under management and more than 3.4 million members, AustralianSuper is the largest superannuation fund in Australia and the sixteenth largest pension fund in the world.
Members of MySuper products are able to opt-out of the insurance, or increase or decrease their insurance cover (if offered by the trustee) without having to leave the MySuper product. There may be particular factors at a workplace level that influence the appropriate level and structure of insurance for employees at that workplace.
QSuper was a not-for-profit fund and had a MySuper authority, with around 585,000 members and $113 billion funds under management. [4] 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.
Suncorp Group Limited, known simply as Suncorp, is an Australian finance, insurance and banking corporation based in Brisbane, Queensland, Australia.It was formed on 1 December 1996 by the merger of Suncorp, Metway Bank and the Queensland Industry Development Corporation (QIDC), and is one of Australia's mid-sized banks (by combined lending and deposits) and its largest general insurance group.
Additionally, Barton was a member of the ACTU Wages Committee from 1984 to 1992 and a founding director of Sunsuper, Queensland largest superannuation fund. Barton died on 24 August 2023, at the age of 74. [2]
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