Australian Retirement Trust Explained

Australian Retirement Trust
Location:Brisbane, Queensland, Australia
Area Served:Australia
Industry:Superannuation
Divisions:QSuper
Predecessors:QSuper
Sunsuper

The Australian Retirement Trust (ART) is an Australian superannuation fund headquartered in Brisbane, Queensland. It has $230bn under management and over 2 million members, making it Australia's second-largest superannuation fund.[1] [2]

History

The Australian Retirement Trust was founded on 28 February 2022 following the merger between Sunsuper and QSuper.[3] It was the largest superannuation fund merger in Australian history.[3]

On 30 April 2022, the Australia Post Superannuation Scheme (APSS) was merged into the Australian Retirement Trust.[4] In May 2022, Woolworths appointed the Australian Retirement Trust to manage its corporate superannuation services.[5]

On 21 February 2023, the Commonwealth Bank Group Super announced it had entered into a memorandum of understanding to pursue a merger with the Australian Retirement Trust.[6] In July 2024, Qantas announced it would merge its superannuation fund with Australian Retirement Trust.[7]

See also

External links

Notes and References

  1. Web site: Biggest Merger In Super Industry Now Finalised. Australian Retirement Trust. 23 March 2022. en.
  2. News: Tony . Boyd. 2 March 2022 . Six mega funds will tower over super . The Australian Financial Review. 23 March 2022.
  3. Web site: About Australian Retirement Trust. Australian Retirement Trust. 23 March 2022. en.
  4. Web site: Australia Post Super Scheme to merge with Australian Retirement Trust. Australian Retirement Trust. 24 August 2022. en.
  5. News: Aleks . Vickovich. 5 May 2022 . Woolworths dumps $4b AMP super mandate . Australian Financial Review. 24 August 2022.
  6. Web site: Commonwealth Bank Group Super to pursue merger with Australian Retirement Trust. Commonwealth Bank. 28 February 2023. en.
  7. https://www.smh.com.au/business/companies/9b-qantas-super-fund-to-merge-with-australian-retirement-trust-20240717-p5ju9s.html Qantas super fund to merge with Australian Retirement Trust