AustralianSuper

AustralianSuper is the largest Australian superannuation and pension fund, with approximately one in every ten Australian workers as members.[1]

AustralianSuper
TypeNon-Profit
IndustryIndustry superannuation
Key people
Ian Silk, CEO
Mark Delaney, CIO
ProductsSuperannuation
Websitewww.australiansuper.com

AustralianSuper is an industry superannuation fund run only to profit members. AustralianSuper has a MySuper authority, meaning it can accept default contributions from an employer on behalf of employees who have not nominated a superannuation fund. AustralianSuper is owned by the Australian Council of Trade Unions (ACTU) and employer peak body the Australian Industry Group (Ai Group).

As of 2017, AustralianSuper had more than A$120 billion assets invested around the world, including shares, transport infrastructure, office blocks, and shopping centres;[2] including two-thirds of London's Kings Cross Central development.

As of June 2018, AustralianSuper was managing approximately A$140 billion for 2.2 million members,[3] growing to A$155 billion in May 2019.[4]

AustralianSuper also offers a 'Member Direct' option,[5] allowing users greater control in selecting a portfolio of Australian shares, ETF's, term deposits and cash.

References
  1. ""AustralianSuper: About us"".
  3. https://www.australiansuper.com/-/media/australian-super/files/about-us/annual-reports/2018-annual-report.pdf
  4. https://www.smh.com.au/business/banking-and-finance/australiansuper-s-ian-silk-staggered-at-16b-inflows-20190531-p51tb1.html
  5. "Member Direct | AustralianSuper". www.australiansuper.com. Retrieved 2019-08-21.
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