Australian_Retirement_Trust

Australian Retirement Trust

Australian Retirement Trust

Australian superannuation fund headquartered in Brisbane, Queensland

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]

Quick Facts Industry, Predecessors ...

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

References

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