Sunsuper

Sunsuper Superannuation Fund (Sunsuper) was an Australian public offer industry superannuation fund based in Brisbane, Queensland, Australia. It was established in 1987¹ 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. On 28 February 2022, Sunsuper and QSuper merged to become the Australian Retirement Trust.

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. On 28 February 2022, Sunsuper and QSuper merged to become the Australian Retirement Trust. ==Governance== Sunsuper is run by a Trustee company called Sunsuper Pty Ltd. The Board of the trustee has equal representation of independent directors, member representatives and employer representatives. Three directors are appointed by the Queensland Chamber of Commerce and Industry Ltd, two directors by the Queensland Council of Unions and one director by the Australian Workers' Union of Employees, Queensland. The independent directors are appointed by the Board following nomination by either the member or employer representatives. The Chairman of the Board is appointed for a two-year term and this position is rotated between the employer and the member representative directors. The normal term of appointment for a director is three years and may serve a maximum of four terms. The Board is responsible for managing the fund, and ensures it operates in the best interests of all members and continues to comply with all legal requirements. Sunsuper's shareholders and sponsors are Queensland Chamber of Commerce and Industry Ltd, the Queensland Council of Unions, and the Australian Workers' Union of Employees, Queensland. ==Administration== Sunsuper owns and controls its fund administration. Insurance cover for members is provided through group life policies with insurers such as AIA Australia Limited. ==Investments== Sunsuper manages its investments through a combination of in-house management and oversight of more than 40 external investment managers in Australia and major financial centres around the world. In June 2008, Mercer was appointed as Sunsuper's investment consultant. The contract was renewed for another three years in 2011. Custodial services are provided by State Street Australia Limited. ==Annual sponsorships== Dreams for a Better World $150,000 community grant program for Australian-based community groups and not-for-profit organisations. Sunsuper Riverfire Brisbane based public fireworks event. ==See also== Superannuation in Australia ==References==

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