In March 2021, QSuper and SunSuper agreed to merge and create a US$ 150 billion superannuation fund with two million members. The former was created in 1913 to help Australians save for retirement and has today 620,000 members and US$ 95 billion funds under management. The latter was established in 1987 as a multi-industry superannuation fund open to all workers and is profit-for-members and has today 1.4 million members and US$ 61 billion in funds under management. On December 6, 2021, it was announced that the new entity would receive the name of Australian Retirement Trust, and be launched on March 1, 2022.
Assets under Management (AuM):
Alternative Assets: 26%
QSuper: “To support our members’ financial wellbeing throughout their life”; Sunsuper: “To inspire and empower Australians to fulfill their retirement dreams” (Public Pension Funds)