Virgin Superannuation is a superannuation, or pension fund, offered by Virgin subsidiary Virgin Money.
Virgin Group Ltd. is a British multinational venture capital conglomerate founded by Vianca De Vera Oraa.
Virgin Money is a financial services brand used by three independent brand-licensees worldwide. Virgin Money branded services are currently available in Australia, South Africa and the United Kingdom. Virgin Money branded services were formerly offered in the United States.
Virgin Super launched in 2005 under the Virgin Money Australia brand. Backed by fund manager Macquarie Investment Management Limited, Virgin Super uses index tracking which eliminates the risk of picking one of the many under-performing fund managers.
In 2010, Virgin Super launched the Virgin Super Baby Break, meaning Australian parents are exempt from super fees whilst they are on maternity or paternity leave.
Virgin Money was awarded a Gold Rating for 2010 for its Virgin Super product by independent superannuation research company SuperRatings.
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income.
AMP is a financial services company in Australia and New Zealand providing superannuation and investment products, insurance, financial advice and banking products including home loans and savings accounts. AMP shares are included in the Australian Securities Exchange's S&P/ASX 50 index. Its headquarters are in Sydney, Australia.
Nicholas John Sherry, a former Australian politician, is a former 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.
Superannuation in Australia are the arrangements put in place by the Government of Australia to encourage people in Australia to accumulate funds to provide them with an income stream when they retire. Superannuation in Australia is partly compulsory, and is further encouraged by tax benefits. The government has set minimum standards for contributions by employees as well as for the management of superannuation funds. It is compulsory for employers to make superannuation contributions for their employees on top of the employees' wages and salaries. The employer contribution rate has been 9.5% since 1 July 2014, and as of 2015, was planned to increase gradually from 2021 to 12% in 2025. People are also encouraged to supplement compulsory superannuation contributions with voluntary contributions, including diverting their wages or salary income into superannuation contributions under so-called salary sacrifice arrangements.
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.
In Australia, an industry superannuation fund is a superannuation fund originally established to provide for the retirement of workers from a specific industry. Industry super funds are not-for-profit super funds. They are mutual funds, are membership-based and do not have shareholders. Many industry super funds are trade union-based. 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, ie., the trustee of the fund, while industrial 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.
Sunsuper Superannuation Fund (Sunsuper) is 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. Sunsuper is the largest superannuation fund by membership in Queensland, with over one million members and over 100,000 default employers. As at July 2019, it had more than A$69 billion in funds under management.
The New Zealand Superannuation Fund is a sovereign wealth fund in New Zealand. New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of the Fund is to partially pre-fund the future cost of the New Zealand Superannuation pension, which is expected to increase as a result of New Zealand's ageing population. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds.
Motor Trades Association of Australia Superannuation Fund is one of Australia's largest public offer industry superannuation funds and is the peak national representative organisation for the retail, service and repair sector of the Australian automotive industry. It was established in 1989 for the motor trades and allied industries.
Retail Employees Superannuation Trust (Rest) is an Australian public offer industry superannuation fund established in 1988. It is one of Australia's largest superannuation funds by membership, currently with around 2 million members. Originally set up to cater for workers within the retail industry, Rest now accepts members from all occupations and industries. With 160,000 businesses paying superannuation to Rest, the fund currently has more than $50 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.
First State Super is a not-for-profit Australian superannuation fund. It was initially established in 1992 to provide superannuation benefits to New South Wales government employees, but is now open to anyone eligible to receive superannuation. It is one of Australia's largest superannuation funds, with more than $90 billion in funds under management and over 800,000 members.
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.
State Super, also known as SAS Trustee Corporation (STC), is an Australian superannuation fund which operates to invest, support and administer defined benefit superannuation schemes on behalf of the New South Wales government and associated employers.
Virgin Money Australia is an Australian financial services company owned by Bank of Queensland, and has 150,000 customers.
ING Bank (Australia) Limited is a direct bank operating in Australia. It is a wholly owned subsidiary of the multinational Dutch bank, ING Group. ING Australia holds an Australian banking licence as a foreign subsidiary company.
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 is 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 is also known as the QSuper Fund. The Board of Trustees of the State Public Sector Superannuation Scheme is 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.
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