Australian Retirement Trust

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Australian Retirement Trust
Industry Superannuation
Predecessors QSuper
Sunsuper
Founded28 February 2022;2 years ago (2022-02-28)
Headquarters Brisbane, Queensland, Australia
Area served
Australia
Key people
Divisions QSuper
Website australianretirementtrust.com.au

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]

Contents

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 Group 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]

See also

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References

  1. "Biggest Merger In Super Industry Now Finalised". Australian Retirement Trust. Retrieved 23 March 2022.
  2. Boyd, Tony (2 March 2022). "Six mega funds will tower over super". The Australian Financial Review. Retrieved 23 March 2022.(subscription required)
  3. 1 2 "About Australian Retirement Trust". Australian Retirement Trust. Retrieved 23 March 2022.
  4. "Australia Post Super Scheme to merge with Australian Retirement Trust". Australian Retirement Trust. Retrieved 24 August 2022.
  5. Vickovich, Aleks (5 May 2022). "Woolworths dumps $4b AMP super mandate". The Australian Financial Review. Retrieved 24 August 2022.(subscription required)
  6. "Commonwealth Bank Group Super to pursue merger with Australian Retirement Trust". Commonwealth Bank of Australia. Retrieved 28 February 2023.