#1 fund for weathering market ups and downs3
SuperRatings' Pension of the Year three years in a row4
We're positively different. So you can enjoy your best years now.
We're one of Australia’s oldest and largest super funds, and our members have come first for over 100 years. Because we’re a profit-for-members fund, you can be assured that we’re working in our members' best interests, not someone else's.
We were established in 1913 in Queensland to help Australians save for retirement and to provide financial support in the event of unexpected illness. At the time, superannuation was only available to a small number of Queensland Government employees – full-time salaried teachers, administrative clerks, and other white-collar workers. But it was a start.
Over the years, we introduced new products and services, and today, we invite all Australians to enjoy the QSuper feeling.
The fund that will become QSuper, the Public Service Superannuation Fund, was established on 1 January, to help Queensland Government workers save for retirement.
We had 4,915 contributing members at the start of the decade.
We paid out £16,015 in 1930 for death and incapacity claims, and £5,764 in retirement funds.
During World War II, we had more than 3,000 members on active war service, including 133 female officers.
Legislation changes meant railway workers, nurses, temporary workers, and wages staff, among others, became able to join us.
The Public Service Superannuation Act introduced widows' and children's pensions in Queensland for the first time.
We ran our first pre-retirement seminar, starting our program to help members understand their super and plan for retirement.
A number of Queensland public sector super funds merged to become QSuper.
Super became compulsory, with the superannuation guarantee (SG) that employers must contribute for their employees.
We launched QInvest to provide members with personal financial advice about their super.
Our Accumulation account launched so members, such as new nurses, could receive more generous super contributions.
Members were now able to invest their super to change the world for the better, with our Socially Responsible option.
After the global financial crisis (GFC), we redesigned how we invest your super. Our new "risk-balanced" investment philosophy aimed to smooth the ups and downs of the market, while providing consistent returns.
Self Invest launched, an investment option where you can directly invest your super in shares, term deposits, and exchange-traded funds (ETFs).
We brought Lifetime to members - an industry-leading investment option that automatically personalises your investment strategy based on your age and your account balance.
We became a public offer fund on 1 July, which means now all Australians can enjoy the QSuper feeling. So now your family can become our family.
You can enjoy your best years with us, knowing we've got your future covered.
With over 594,000 members and $117 billion in funds under administration,1 we’ve helped our members and employers feel confident about their super for over 100 years.
In the immediate aftermath of the global financial crisis (GFC), we redesigned how we invest our members' super.
Our "risk-balanced" investment philosophy is a unique approach that aims to provide consistent growth with less risk, so our members can focus on today, knowing they'll be right later.
It's one of the reasons we're an industry leader in 10-year investment performance.
We believe we have a responsibility to support all of our members in achieving financial wellbeing, so it's our priority to positively influence and advocate for them.
Many Aboriginal and Torres Strait Islander people face significant and unique barriers that may prevent access to their super. To counter this, QSuper regularly visits these communities to help break down these obstacles, and provide fair and equitable access to their super.
To demonstrate our dedication to advancing reconciliation in Australia, in June 2018, we launched our first Reconciliation Action Plan.
Our conversations with our Aboriginal and Torres Strait Islander members and analysis have identified key areas of opportunity where we believe we can make a significant difference, including:
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1 in 3 women retire without superannuation. We think that's far too many. We know that women are less likely to achieve financial security in retirement, due to a variety of factors including the gender pay gap, childcare and elder care, part-time work, and a longer average lifespan.
With 64% of QSuper members being women, we're committed to improving their overall wellbeing and addressing the gender imbalance in super at retirement.
Our She's on Q events are designed by women for women and make talking about your finance and career relatable, with real-world, inspiring examples delivered by experts in their field.
When we can't do the work ourselves, we support organisations and events that do including:
We are owned by our members and managed by a board of trustees. The QSuper Board has an equal number of member and employer representatives, plus an additional independent board member permitted.
We're a public sector super fund that anyone can join. While we aren't an industry super fund, we do have some similar characteristics to industry funds:
Yes, QSuper is a regulated fund. The Australian Prudential Regulation Authority (APRA) approved our application for a Registrable Superannuation Entity (RSE) Licence on 9 July 2009.
This means we have to comply with the legislation governing most Australian super funds.
Whether your business is in the private or public sector, you may be able to partner with QSuper and take advantage of a range of benefits for you and your employees. Make sure you check your industrial award to see if a particular fund is listed as a default super fund for your industry.
If you're a financial adviser, your client can give you authority to your client's QSuper account by sending us a completed Authority to Release Information form (pdf), which has all the required information we need.
We're committed to working with you to ensure our combined expertise results in the best possible outcomes for your clients.
Our members think we're pretty great. They ranked us highest out of the 14 largest super funds for satisfaction with financial performance.3
And when the experts decide, they choose QSuper. View our most recent awards.
We're an industry leader in 10-year investment performance,2 and we work hard to keep fees low.
More reasons to choose QSuper
Around 10 minutes to apply online and you'll be on your way to enjoying the QSuper feeling.