A focus on long-term performance
Money magazine’s Best Retirement Innovator 20232
Our first Australian Retirement Trust Annual Members’ Meeting was held on 22 February 2023, just a few days before our one-year anniversary. Here’s what our leaders told our members.
Australian Retirement Trust was created through the merger of QSuper and Sunsuper to become one of Australia's largest super funds. We take care of over $240 billion in retirement savings for more than 2.2 million members.
The meeting was held in person and livestreamed online and members heard from Chair Andrew Fraser, Chief Executive Officer Bern Reilly, and Chief Investment Officer Ian Patrick about the operations of the super fund in 2021–22. Members were also given the opportunity to ask questions about the strategy and performance of the fund.
Hear updates on our strategy and investment performance and answers to members’ questions.
Answers to questions not covered at the live Annual Members’ Meeting can be found here.
CEO Bern Reilly told members at the Annual Members’ Meeting that while the merger had established Australian Retirement Trust as one of Australia’s largest funds, with 200,000 new members to February this financial year, we recognise that continuing to grow is vital.
“We strongly believe all members ultimately benefit from the scale that comes with growth, as it drives efficiencies and spreads costs over a broader base,” Mr Reilly said.
Mr Reilly said some of the highlights from our first year included:
Mr Reilly said looking to the future, our ambition is to empower our members to retire well with confidence – an ambition that guides our board, our executive and everyone in the team as we work each day to support all of our members to and through your retirement.
Australian Retirement Trust Chair Andrew Fraser said we are now a globally significant fund, which means you are members of a globally significant fund.
“But that does not, and will never, mean we aren’t committed to serving you as the individual. We are committed to using our scale to enhance the benefits for our members. We are proud of our heritage and of our origins, and as we look to the future, we are firmly anchored in our commitment to serving,” he said.
Our Chief Investment Officer Ian Patrick told the Annual Members’ Meeting that the past year had been unusual.
“The seachange in investment markets was somewhat historic, including the unusual combination of negative returns from both shares and government and other bonds, which in turn led to negative returns for many superannuation investors,” Mr Patrick said.
He said it was not pleasing to have to report a negative return to members, but the resilience of our portfolios, and that we mitigated the worst outcomes from share and bond markets in 2022, was important to emphasise.
As Australian Retirement Trust, and our predecessor funds, we have sought to deliver well diversified portfolios for members to invest in, to mitigate the sometimes violent swings in share markets, Mr Patrick said.
He said it was important to understand that there is value in maintaining an investment strategy through time and not being influenced by shorter term market movements.
Mr Patrick said the size of the pools of member savings and the global investment focus of both predecessor funds had been key to delivering strong investment returns over the years1.
“The merger increases that scale and global access to investment opportunities. We have brought together two strong investment capabilities from the predecessor funds and I am encouraged by how those combined investment strengths have come together and been leveraged for all members,” he said.
Mr Patrick also spoke to members about:
Make smart decisions with the help of a professional financial adviser.2
Find out more
1. Past performance is not a reliable indication of future performance.
2. Deciding what is best for you will depend on your personal circumstances and you may want to seek personal financial advice to get the most from your superannuation. You can find out more about financial advice options at qsuper.qld.gov.au/advice
Market analysis and how it affects your super
Get our insights on the market and how it affects your super
More members may join us to benefit from our ability to leverage our scale
We collect Fund Manager of the Year award on behalf of members