Sunsuper Superannuation Fund (Sunsuper) was an Australian public offerindustry 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. Sunsuper was the largest superannuation fund by membership in Queensland, with 1.3 million members and over 100,000 default employers. As at December 2020, it had more than A$79 billion in funds under management.
Sunsuper was established in 1987. In 1997, Sunsuper reached its first A$1 billion in funds under management (FUM). By 2007, FUM had grown to A$13 billion.
In February 2013, Sunsuper was awarded a MySuper authority.[2]
In November 2015, Sunsuper appointed new CIO - Ian Patrick.[3]
In April 2017, Sunsuper and Kinetic Super announced a merger.[4]
In March 2018, Sunsuper signed up for the Insurance in Superannuation Voluntary Code of Practice - to be compliant from 1 July 2018.[5]
In March 2019, Sunsuper and AustSafe Super merged.
In May 2019, long-time CEO Scott Hartley stepped down after 5 years at the helm.[7]
In October 2019, Bernard Reilly was appointed as the new CEO of Sunsuper.
In November 2020, the IAG & NRMA Superannuation Plan merged with Sunsuper.[8]
In March 2021, Sunsuper and QSuper announced a merger.[9] Sunsuper and the Australia Post Superannuation Scheme (APSS) announced they will explore a merger.[10]
Sunsuper is run by a Trustee company called Sunsuper Pty Ltd. The Board of the trustee has equal representation of independent directors, member representatives and employer representatives. Three directors are appointed by the Queensland Chamber of Commerce and Industry Ltd, two directors by the Queensland Council of Unions and one director by the Australian Workers' Union of Employees, Queensland. The independent directors are appointed by the Board following nomination by either the member or employer representatives.
The Chairman of the Board is appointed for a two-year term and this position is rotated between the employer and the member representative directors. The normal term of appointment for a director is three years and may serve a maximum of four terms.
The Board is responsible for managing the fund, and ensures it operates in the best interests of all members and continues to comply with all legal requirements.
Sunsuper's shareholders and sponsors are Queensland Chamber of Commerce and Industry Ltd, the Queensland Council of Unions, and the Australian Workers' Union of Employees, Queensland.
AdministrationEdit
Sunsuper owns and controls its fund administration. Insurance cover for members is provided through group life policies with insurers such as AIA Australia Limited.
InvestmentsEdit
Sunsuper manages its investments through a combination of in-house management and oversight of more than 40 external investment managers in Australia and major financial centres around the world.
In June 2008, Mercer was appointed as Sunsuper's investment consultant.[11] The contract was renewed for another three years in 2011. Custodial services are provided by State Street Australia Limited.[12]
AwardsEdit
2020 Fund of the Year, Chant West
2020 Fund of the Year, SuperRatings
Best Super Fund – Growth for 2019, Finder
Best Super Fund Manager 2018 & 2019, Money magazine
Best Featured Pension Fund 2017, 2018 & 2019, Money magazine & Pension Fund of the Year 2018, SuperRatings
Fund of the Year 2018, Chant West, SuperRatings & Super Review
Fund of the Year 2017, Chant West
Best Super Fund - Growth, Finder
Best Fund: Advice Services & Corporate Solutions Fund of the Year 2018, Chant West
Annual sponsorshipsEdit
Dreams for a Better World $150,000 community grant program for Australian-based community groups and not-for-profit organisations.
Sunsuper Riverfire Brisbane based public fireworks event.
sunsuper, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citat. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Sunsuper news newspapers books scholar JSTOR January 2021 Learn how and when to remove this template message A major contributor to this article appears to have a close connection with its subject It may require cleanup to comply with Wikipedia s content policies particularly neutral point of view Please discuss further on the talk page January 2021 Learn how and when to remove this template message Learn how and when to remove this template message 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 Sunsuper was the largest superannuation fund by membership in Queensland with 1 3 million members and over 100 000 default employers As at December 2020 it had more than A 79 billion in funds under management SunsuperTypeIndustry superannuation fundIndustrySuperannuationFounded1987Defunct2022FateMerged with QSuper to form the Australian Retirement TrustHeadquartersBrisbane AustraliaArea servedAustraliaKey peopleAndrew Fraser Chairman of the BoardBernard Reilly Chief Executive OfficerBrian Parker Chief Economist Ian Patrick Chief Investment OfficerOn 28 February 2022 Sunsuper and QSuper merged to become the Australian Retirement Trust 1 Contents 1 History 2 Governance 3 Administration 4 Investments 5 Awards 6 Annual sponsorships 7 See also 8 ReferencesHistory EditSunsuper was established in 1987 In 1997 Sunsuper reached its first A 1 billion in funds under management FUM By 2007 FUM had grown to A 13 billion In February 2013 Sunsuper was awarded a MySuper authority 2 In November 2015 Sunsuper appointed new CIO Ian Patrick 3 In April 2017 Sunsuper and Kinetic Super announced a merger 4 In March 2018 Sunsuper signed up for the Insurance in Superannuation Voluntary Code of Practice to be compliant from 1 July 2018 5 In March 2019 Sunsuper and AustSafe Super merged In April 2019 Sunsuper merged with CBH Super 6 In May 2019 long time CEO Scott Hartley stepped down after 5 years at the helm 7 In October 2019 Bernard Reilly was appointed as the new CEO of Sunsuper In November 2020 the IAG amp NRMA Superannuation Plan merged with Sunsuper 8 In March 2021 Sunsuper and QSuper announced a merger 9 Sunsuper and the Australia Post Superannuation Scheme APSS announced they will explore a merger 10 On 28 February 2022 the merger of QSuper and Sunsuper to become Australian Retirement Trust was finalised Governance EditSunsuper is run by a Trustee company called Sunsuper Pty Ltd The Board of the trustee has equal representation of independent directors member representatives and employer representatives Three directors are appointed by the Queensland Chamber of Commerce and Industry Ltd two directors by the Queensland Council of Unions and one director by the Australian Workers Union of Employees Queensland The independent directors are appointed by the Board following nomination by either the member or employer representatives The Chairman of the Board is appointed for a two year term and this position is rotated between the employer and the member representative directors The normal term of appointment for a director is three years and may serve a maximum of four terms The Board is responsible for managing the fund and ensures it operates in the best interests of all members and continues to comply with all legal requirements Sunsuper s shareholders and sponsors are Queensland Chamber of Commerce and Industry Ltd the Queensland Council of Unions and the Australian Workers Union of Employees Queensland Administration EditSunsuper owns and controls its fund administration Insurance cover for members is provided through group life policies with insurers such as AIA Australia Limited Investments EditSunsuper manages its investments through a combination of in house management and oversight of more than 40 external investment managers in Australia and major financial centres around the world In June 2008 Mercer was appointed as Sunsuper s investment consultant 11 The contract was renewed for another three years in 2011 Custodial services are provided by State Street Australia Limited 12 Awards Edit2020 Fund of the Year Chant West 2020 Fund of the Year SuperRatings Best Super Fund Growth for 2019 Finder Best Super Fund Manager 2018 amp 2019 Money magazine Best Featured Pension Fund 2017 2018 amp 2019 Money magazine amp Pension Fund of the Year 2018 SuperRatings Fund of the Year 2018 Chant West SuperRatings amp Super Review Fund of the Year 2017 Chant West Best Super Fund Growth Finder Best Fund Advice Services amp Corporate Solutions Fund of the Year 2018 Chant WestAnnual sponsorships EditDreams for a Better World 150 000 community grant program for Australian based community groups and not for profit organisations Sunsuper Riverfire Brisbane based public fireworks event See also Edit nbsp Queensland portal nbsp Companies portalSuperannuation in AustraliaReferences Edit Biggest Merger In Super Industry Now Finalised Australian Retirement Trust Retrieved 23 March 2022 Bill Shorten 14 February 2013 Sunsuper awarded first MySuper authority Retrieved 14 February 2013 Sunsuper appoints new CIO investmentmagazine com au 4 November 2015 Retrieved 26 June 2018 Patten Sally Sunsuper and Kinetic agree on 45 billion merger AFP Retrieved 27 September 2017 Industry fund signs super code slashes premiums Financial Standard Retrieved 26 June 2018 Sunsuper corporate super fund merge 22 May 2019 Sunsuper chief executive departs Financial Standard 31 May 2019 Retrieved 22 August 2019 Home iagnrmasuper com au Sunsuper and QSuper merger update Sunsuper Sunsuper to explore merger with APSS ahead of combination with QSuper 26 March 2021 Sunsuper retains investment consultant Mercer How to manage billions Retrieved from https en wikipedia org w index php title Sunsuper amp oldid 1122470974, wikipedia, wiki, book, books, library,
