The newly formed fund will take on more than two million portfolios of members and a combined $230 billion in investments previously held by QSuper and Sunsuper. 

According to the fund, Australian Retirement Trust plans to deliver a fee reduction for its more than two million members from 1 July 2022.

"The fixed weekly administration fee for Australian Retirement Trust Super Savings account members will be cut from $1.50 to $1.20 per week, and from 0.16% to 0.15% p.a. for Australian Retirement Trust QSuper account members, subject to final approval by the Australian Retirement Trust Board," the report said.

Australian Retirement Trust’s Chief Executive Officer Bernard Reilly said the merger is the largest in Australian super history. 

"Since the signing of a Heads of Agreement in March last year we’ve worked hard to bring our two strong super funds together," Mr Reilly said.

"Finalising the largest ever merger in the superannuation industry, while each fund has continued to grow and serve its members, is truly a testament to Australian Retirement Trust’s more than 2,500 employees and their unwavering focus on acting in our members’ best interests."

Super records strong growth for December 2021 quarter

The Australian Prudential Regulation Authority (APRA) released its Quarterly Superannuation Performance publication and the Quarterly MySuper Statistics report for the December 2021 quarter this week.

Total super assets grew 14.0% in the value of total superannuation assets over the past year, reflecting strong investment performance and positive contributions growth achieved over the period according to the report.

Contributions totalled $139.1 billion, an increase of 15.5% for the year ending December 2021, with total SMSF assets rising 12.8% as of December 2021.


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Firstmac – SMSF 70

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      VariableMore details
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      Firstmac – SMSF 80

        Disclosure
        VariableMore details

        La Trobe Financial – SMSF Residential

          VariableMore details
          • Available for Purchase and Refinance. No application fee and no settlement fee
          • No monthly, annual or ongoing fees
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          Disclosure

          loans.com.au – SMSF 80

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          Disclosure
          Important Information and Comparison Rate Warning

          Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of October 9, 2024. View disclaimer.

          Important Information and Comparison Rate Warning

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