QSuper News and Updates

QSuper has been a leading superannuation fund in Australia for over 60 years, with a strong track record of delivering returns to its members.

In 2019, QSuper merged with Sunsuper to create one of Australia's largest superannuation funds, with over $160 billion in assets under management.

As a result of the merger, QSuper members gained access to a wider range of investment options and improved services.

QSuper has a dedicated investigations team that works to identify and prevent financial abuse in member accounts. They receive over 1,000 reports of suspected financial abuse each year.

Their investigations team uses a range of tools and techniques to gather information and build a case against suspected abusers. These tools include data analysis software and collaboration with other organizations.

QSuper's investigations team is made up of experienced professionals who work closely with law enforcement agencies and other organizations to bring perpetrators to justice. They also provide support and guidance to members who have been affected by financial abuse.

QSuper's investigations team has a high success rate, with over 90% of reported cases resulting in a positive outcome for the member.

QSuper members have been able to achieve their retirement goals thanks to the fund's strong performance. The fund's returns have consistently outperformed the industry average.

Many members have been able to retire comfortably with a significant amount of money in their super account. Some have even been able to pursue their passions and interests in retirement.

A member who started contributing to QSuper in their 20s has been able to grow their super to over $500,000 by the time they reached retirement. This has given them a significant amount of financial security.

QSuper's low fees have also helped members save money and grow their super faster. The fund's fees are significantly lower than those of many other super funds.

By investing in QSuper, members have been able to take advantage of the fund's strong investment returns and low fees. This has helped them achieve their long-term financial goals.

QSuper has been accused of overcharging life insurance premiums, affecting up to 140,000 members in a new class action.

A class action lawsuit has been filed against QSuper, alleging the fund overcharged its members for life insurance premiums. This is a serious issue that affects the financial well-being of its members.

QSuper also faces an audit of its $200m franking credit stripping scheme, which could result in a record penalty. Members may have to foot the bill for this penalty, which could have significant financial implications.

QSuper's decision to quit its bet on Manhattan real estate was a significant move, especially considering it involved a NYC office tower.

Rising interest rates played a major role in spoiling QSuper's global property interests, making it a difficult time for the company to hold onto its investments.

The falling vacancies in the office tower also contributed to QSuper's decision to hand back the keys, as it became harder to find tenants.

This move by QSuper highlights the challenges faced by companies investing in global real estate, especially during times of economic uncertainty.

The NYC office tower in question was a significant asset for QSuper, but ultimately, it became too costly to maintain.

A lawsuit has been filed against QSuper over alleged overcharging of life insurance premiums. The class action claims up to 140,000 members were affected.

QSuper is seeking permission from the Queensland Supreme Court to charge members a fee that will help pay for any potential fines. This fee would be used to cover penalties in the event of breaches.

The $120 billion fund is at the center of this controversy. QSuper's actions have raised concerns among its members.

Members are likely to be affected by the outcome of this case. The court's decision will determine whether QSuper can implement this fee.

QSuper's $200m franking credit stripping scheme is under audit, which could lead to a record penalty for its members. This strategy has been a topic of controversy.

Members of QSuper may have to foot the bill for the penalty. The scheme is a significant issue that could have far-reaching consequences.

A record penalty is a possibility if the audit finds that the scheme was indeed used. This would be a major blow to the members of QSuper.

The exact details of the scheme are not specified, but it's clear that it's a complex issue.

QSuper is facing backlash from its members over concerns about climate risk.

Lawyers acting for two QSuper members have written to the fund urging it to strengthen its policies to better manage climate change risk.

This move highlights the growing pressure on superannuation funds to take a more proactive approach to addressing climate-related risks.

The QSuper members are seeking more transparent and comprehensive climate risk management policies from the fund.

The QSuper and Sunsuper deal created Australia's second largest superannuation fund, worth a staggering $200 billion.

This merger is a significant development in the Australian superannuation industry, and it's likely to have a lasting impact on the market.

QSuper and Sunsuper have signed a heads of agreement to merge and create Australia’s second largest superannuation fund. This massive deal is expected to create a fund worth $200 billion.

QSuper is part of Australian Retirement Trust, one of Australia’s largest superannuation funds, and has been looking after the financial wellbeing of members for more than 100 years. This long history of experience will be invaluable in the merger.

QSuper is a profit-for-members fund, which means everything they do is for the benefit of their members. This unique approach focuses on providing financial education, personal service, and award-winning products to their members.

The merger between QSuper and Sunsuper will create a fund that is dedicated to working hard for the future of its members. By merging, they will be able to provide even better services and products to their members.

The executive team that will lead the $200 billion superannuation fund resulting from the planned merger of QSuper and Sunsuper has been announced.

The team consists of eight members, with two positions yet to be filled through an external selection process.

The Chief Member Officer, Karin Muller, will oversee the needs of the two million members, while Dave Woodall will lead the growth strategy as Chief Growth Officer.

The Chief Investment Officer, Ian Patrick, will manage the merged fund's investments, with Anne Browne overseeing risk management as Chief Risk Officer.

Rod Greenaway will handle technology as Chief Technology Officer, and Teifi Whatley will lead the strategy as Chief Strategy Officer.

Deanne Wilden will serve as General Counsel, and Phil Fraser will lead QInsure as Chief of QInsure.

Two additional executives have been appointed to broader leadership roles: Deputy Chief Investment Officer Charles Woodhouse and Chief of Staff Lachlan East.

The CEO, Bernard Reilly, is confident that the team has the right mix of expertise and experience to deliver outstanding services and greater efficiencies for the merged fund's members.

QSuper has been looking after the financial wellbeing of members for more than 100 years.

QSuper is part of Australian Retirement Trust, one of Australia's largest superannuation funds.

Everything QSuper does is for the benefit of its members, so they can focus on today knowing their super is working hard for their future.

QSuper is a profit-for-members fund, which means its goal is to help members achieve their financial goals.

QSuper offers financial education to help members make informed decisions about their super.

QSuper provides personal service to its members, giving them a more tailored experience.

QSuper has a unique investment philosophy that sets it apart from other funds.

QSuper has simple and transparent fees, so members know exactly what they're paying.

QSuper's products have won awards, showing they're a trusted and reliable choice for members.