A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.
Nicholas John Sherry is a former Australian politician who served as a member of the Australian Senate for the state of Tasmania from July 1990 until June 2012, representing the Australian Labor Party. Sherry was sworn in as the Assistant Treasurer on 9 June 2009, after serving as the first Australian Minister for Superannuation and Corporate Law. Sherry was the first Assistant Treasurer from Tasmania.
In Australia, superannuation or just super is the term for retirement pension benefit funds. Employees pay deductions from their wage or salary and employers make similar regular contributions. Most employees contribute to large funds, either industry funds run jointly by unions and employers, or retail funds managed by financial institutions. More than a million Australians have a self-managed superannuation fund.
Superannuation in Australia is taxed by the Australian taxation system at three points: on contributions received by a superannuation fund, on investment income earned by the fund, and on benefits paid by the fund.
Construction and Building Unions Superannuation (Cbus) is one of Australia's largest public offer industry superannuation funds. Cbus is run for the benefit of its members and does not pay dividends to shareholders.
The KiwiSaver scheme, a New Zealand savings scheme, came into operation from Monday, 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them in certain limited circumstances, for example if undergoing significant financial hardship or to use a deposit for a first home.
An industry superannuation fund is an Australian superannuation fund originally established to provide for the retirement of workers from a specific industry, but no longer industry-specific. They are not-for-profit, mutual funds which are membership-based and do not have shareholders. The main difference between industry super funds and retail super funds, which are public offer funds managed by financial institutions, is what happens with the profits. Retail funds distribute profits to shareholders or investors, while industry funds return profits to members.
Legalsuper is an Australian superannuation fund dedicated to the legal community. It is the only industry superannuation fund for Australia's legal profession. Its MySuper default account is called MySuper Balanced option.
Australian Ethical is an ethical wealth management company based in Sydney.
Sunsuper Superannuation Fund (Sunsuper) was an Australian public offer industry superannuation fund based in Brisbane, Queensland, Australia. It was established in 1987 as a multi-industry superannuation fund open to all workers and is profit-for-members. Sunsuper was the largest superannuation fund by membership in Queensland, with 1.3 million members and over 100,000 default employers. As at December 2020, it had more than A$79 billion in funds under management.
TelstraSuper is a profit-for-members superannuation fund, and is open to current and former Telstra Group employees and eligible members of their families. TelstraSuper is Australia’s largest corporate superannuation fund with over $19 billion in assets invested on behalf of members.
AustralianSuper is the largest Australian superannuation and pension fund, with approximately one in every ten Australian workers as members.
Aware Super is an Australian Industry Superannuation Fund. It is Australia's third largest fund, with $130bn under management following the merger between First State Super, VicSuper and WA Super in 2020.
MySuper is part of the Stronger Super reforms announced in September 2011 by the Gillard Labor government for the Australian superannuation industry to replace the previous default funds system with a new default system using low cost and simple superannuation products. MySuper compliant products may be provided by industry super funds, as well as retail super funds. Funds that do not operate as default funds, such as self managed superannuation funds (SMSFs) or choice products, are not subject to MySuper standards.
R U OK? is an Australian non-profit suicide prevention organisation, founded by advertiser Gavin Larkin in 2009. It revolves around the slogan "R U OK?", and advocates for people to have conversations with others. The organisation has a dedicated R U OK? Day, held annually on the second Thursday of September, which encourages Australians to connect with people who have emotional insecurity, to address social isolation and promote community cohesiveness.
HESTA is an Australian industry superannuation fund for workers in health and community service sectors. HESTA services more than 90,000 employers and has more than 870,000 members, 80% of whom are women. It has $56 billion in funds under management. HESTA was formed in 1987. HESTA holds an Australian financial services licence.
Hostplus is an industry superannuation fund for the hospitality, tourism, recreation and sport industries in Australia established in 1987.
CARE Super is an Australian industry superannuation fund, focussing on superannuation for people engaged in professional, managerial, administration and service occupations. Established in 1986, CareSuper now services over 245,000 members Australia-wide and has over $15 billion in funds under management.
QSuper was an Australian superannuation fund based in Brisbane, Queensland. The fund was established in 1912 through an Act of Parliament. The State Public Sector Superannuation Scheme was also known as the QSuper Fund. The board of trustees of the State Public Sector Superannuation Scheme was responsible for the management of the QSuper Fund. On 26 Oct 2015 Michael Pennisi, the chief strategy officer replaced Rosemary Vilgan as CEO, who had served in that position for 18 years.
The New Daily is an online, non-paywalled, Australian newspaper established in 2013. It was founded by AustralianSuper, Cbus and Industry Super Holdings, but in 2016 became wholly owned by Industry Super Holdings. The founding editor is Bruce Guthrie, currently the editorial director, who was formerly an editor of the Herald Sun and The Age.
