QSuper

{{Short description|Australian superannuation fund}}

{{Use Australian English|date=June 2020}}

{{Use dmy dates|date=August 2019}}

{{Infobox company

| name = QSuper

| logo = QSuper logo.svg

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| type = Nonprofit mutual fund

| industry = Superannuation

| founded = 1912

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| defunct = 28 February 2022

| fate = Merged with Sunsuper to form Australian Retirement Trust

| hq_location = Brisbane, Queensland

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| hq_location_country = Australia

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| key_people = Michael Pennisi (chief executive officer)

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| website = [https://qsuper.qld.gov.au qsuper.qld.gov.au]

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QSuper was an Australian superannuation fund based in Brisbane, Queensland. The fund was established in 1912 through an Act of Parliament.{{Cite web|url=http://www.austlii.edu.au/au/legis/qld/hist_act/pssao19123gvn28417/|title=Public Service Superannuation Act of 1912 (3 Geo V, No 28)|website=www.austlii.edu.au|access-date=2016-12-11}} 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.{{Cite web|url=https://qsuper.qld.gov.au/about/governance/structure-and-background/|title=Structure and background {{!}} QSuper Superannuation Fund|website=qsuper.qld.gov.au|access-date=2016-12-11}} On 26 Oct 2015 Michael Pennisi, the chief strategy officer replaced Rosemary Vilgan as CEO, who had served in that position for 18 years.{{Cite web |url=http://www.ifa.com.au/news/14979-new-qsuper-ceo-selected-from-within |title=New QSuper CEO selected from within |date=2015-08-24 }}

QSuper was a not-for-profit fund and had a MySuper authority, with around 585,000 members and $113 billion funds under management.{{Cite web |url=http://www.professionalplanner.com.au/superannuation/2015/08/14/online-advice-and-applications-underpin-qsupers-financial-planning-push-39206/ |title=Online advice and applications underpin QSuper's financial planning push |date=2015-08-14 }} 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.{{Cite web|url=https://qsuper.qld.gov.au/about/media/2016/december/qsuper-another-step-closer-to-opening-its-doors/|title=QSuper another step closer to opening its doors|website=qsuper.qld.gov.au|access-date=2016-12-11}}

On 28 February 2022, QSuper merged with Sunsuper to become part of the Australian Retirement Trust.{{Cite web |title=QSuper now part of Australian Retirement Trust |url=https://qsuper.qld.gov.au/news-hub/articles/2022/02/24/00/58/qsuper-now-part-of-australian-retirement-trust |access-date=2022-03-01 |website=qsuper.qld.gov.au}}

Awards

  • SuperRatings fund of the year for the 2014/15 and 2015/16 financial years{{Cite web|url=http://www.superratings.com.au/ratings/winners|title=Awards|website=www.superratings.com.au|access-date=2016-11-23}}
  • Chant West Best Fund for Member Services 2016{{Cite web |url=https://www.chantwest.com.au/fund-awards/2016-winners-and-finalists|title=Chant West Awards 2016 Winners & Finalists}}
  • Chant West Best Fund Innovation Award 2016{{Cite web |url=https://www.chantwest.com.au/fund-awards/2016-winners-and-finalists|title=Chant West Awards 2016 Winners & Finalists}}
  • Awarded Pension Fund and Large Fund of the Year at the Conexus Financial Awards 2016{{Cite web|url=https://qsuper.qld.gov.au/about/awards/|title=Awards {{!}} QSuper Superannuation Fund|website=qsuper.qld.gov.au|access-date=2016-12-11}}
  • Best Fund: Investments, Chant West 2017{{Cite web |url=https://www.chantwest.com.au/fund-awards/2017-winners-and-finalists|title=Chant West Awards 2017 Winners & Finalists}}
  • Pension Fund of the Year, 2018, Conexus{{Cite web |url=https://investmentmagazine.com.au/2018/03/super-fund-of-the-year-2018-and-all-the-winners/|title=Super Fund of the Year 2018 and all the winners|date=2018-03-08}}
  • Pension of the Year 2019, SuperRatings{{Cite web |url=https://www.superratings.com.au/ratings-and-awards/|title=Ratings and Awards}}
  • Best Pension Fund Manager, 2019, Money Magazine{{Cite web |url=https://www.pressreader.com/australia/money-magazine-australia/20181129/281818579881009 |title=Best Pension Fund Manager}}

Services

  • Superannuation
  • Insurance{{Cite web |url=http://www.afr.com/business/insurance/insurance-companies/qsuper-makes-pioneering-life-insurance-play-with-qinsure-20160522-gp0sz5 |title=QSuper makes pioneering life insurance play with QInsure |date=2016-05-22 }}
  • Financial advice {{Cite web |url=http://www.smh.com.au/business/banking-and-finance/industry-funds-moving-into-financial-advice-qsuper-boss-says-20150528-ghbqq2.html |title=Industry funds moving into financial advice, QSuper boss says |date=2015-05-28 }}

References