QSuper

QSuper
Not for profit
Industry Superannuation
Founded 1912
Headquarters Brisbane, Queensland, Australia
Key people
 Michael Pennisi , Chief Executive Officer,
Website qsuper.qld.gov.au

QSuper is an Australian superannuation fund based in Brisbane, Queensland. The fund was established in 1912 through an Act of Parliament.[1] The State Public Sector Superannuation Scheme is also known as the QSuper Fund. The Board of Trustees of the State Public Sector Superannuation Scheme (QSuper Board) is responsible for the management of the QSuper Fund.[2] On 26 Oct 2015 Michael Pennisi, the chief strategy officer replaced Rosemary Vilgan as CEO, who had served in that position for 18 years.[3]

QSuper is a not-for-profit fund and has a MySuper authority, with around 550,000 members and $65 billion funds under management.[4] The fund is open to Queensland Government employees, past employees and spouses. On 1 December 2016, the Queensland Government passed legislation lifting application restrictions, due to take effect on 30 June 2017.[5]

Awards

SuperRatings fund of the year for the 2014/15 and 2015/16 financial years[6]

Chant West best fund for Member Services 2016

Chant West best fund Innovation award 2016

Awarded Pension Fund and Large Fund of the Year at the Conexus Financial Awards 2016[7]

Investment

There are a range of investment options available to members including an investment strategy that changes dependent upon a member’s age and balance.[8] QSuper has options for members to invest in cash, shares, term deposits and exchange traded funds.[9]

Management

The CEO is Michael Pennisi, who replaced Rosemary Vilgan in 2015

The Chief Investment Officer is Brad Holzberger

The Chief of Member Experience is Andrew Baker

The Chief of Member Support and Advice is Matthew Halpin

The Chief of IT is Karin Muller

The Chief Financial Officer is Kulwant Singh-Pangly

The Chief of People and Transformation is Paul Landy

The Chief Risk Officer is Ms Anne Finney

Services

  • Superannuation
  • Moneymap and online advice, web-based personal finance management tools[10]
  • Mortgage brokerage
  • Insurance [11]
  • Financial advice [12]

References

  1. ↑ "Public Service Superannuation Act of 1912 (3 Geo V, No 28)". www.austlii.edu.au. Retrieved 2016-12-11.
  2. ↑ "Structure and background | QSuper Superannuation Fund". qsuper.qld.gov.au. Retrieved 2016-12-11.
  3. ↑ "New QSuper CEO selected from within".
  4. ↑ "Online advice and applications underpin QSuper's financial planning push".
  5. ↑ "QSuper another step closer to opening its doors". qsuper.qld.gov.au. Retrieved 2016-12-11.
  6. ↑ "Awards". www.superratings.com.au. Retrieved 2016-11-23.
  7. ↑ "Awards | QSuper Superannuation Fund". qsuper.qld.gov.au. Retrieved 2016-12-11.
  8. ↑ "QSuper's Vilgan worked to manage outcomes, not accumulation".
  9. ↑ "QSuper launches tax savvy SMSF alternative for hands-on investors".
  10. ↑ Patten, Sally (2015-08-25). "Funds hoping to be all things to all members". The Sydney Morning Herald. Retrieved 2016-11-23.
  11. ↑ "QSuper makes pioneering life insurance play with QInsure".
  12. ↑ "Industry funds moving into financial advice, QSuper boss says".
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