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Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement. Employers make compulsory payments to these funds at a proportion of their employee's wages.
AMP Limited (formerly Australian Mutual Provident Society) is an Australian financial services company that operates in Australia and New Zealand. It offers superannuation and investment products, financial advice and banking services through AMP Banking, including home loans and savings accounts. AMP is headquartered in Sydney, Australia.
Rest Super (formally Retail Employees Superannuation Trust) [3] is an Australian industry superannuation fund established in 1988. It is one of Australia's largest superannuation funds by membership, with around 1.9 million members as at June 2022. Rest currently manages more than $80 billion in funds. [2] [4] [5]
AMP Life is a superannuation, retirement investments and life insurance company based in Australia and New Zealand. It currently employs 1,000 people and manages $55 billion in funds for its 1.5 million [ 1 ] customers. [ 2 ]
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] In May 2022, Woolworths appointed the Australian Retirement Trust to manage its corporate superannuation services. [6]
AMP Capital was a large global investment manager headquartered in Sydney, Australia. Its owner, AMP Group , was established in 1849, and is one of Australia's largest retail and corporate pension providers.
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
The current bank is the result of the merger and/or acquisition of a number of building societies and banks. The St.George Co-operative Building Society Ltd. was formed on 6 May 1937 in the Sydney suburb of Hurstville, with George Cross as the first chairman of the board.