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Virgin Superannuation is an Australian superannuation fund, or pension fund, offered by Virgin Group subsidiary Virgin Money in Australia. Virgin Super launched in 2005 under the Virgin Money Australia brand. Initially backed by fund manager Macquarie Investment Management, Virgin Super is a passive managed index fund that is operated by Mercer ...
In 2016, Mercer acquired Pillar Administration, Australia from the New South Wales State Government. Pillar was Australia's fourth largest superannuation administration provider, with more than $100 billion in funds under administration across 1.1 million member accounts. [43]
As at July 2018, the major retail super funds were: AMP Flexible Super; Bendigo Smart Start Super (Bendigo Bank)Mercer; ING Direct Living Super (ING Australia).In December 2015, ING had AU$1.6 billion in super funds under management, with 34,000 active superannuation accounts in 2014.
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The discount applicable to superannuation fund is 33%, reducing the effective capital gains tax from 15% to 10%. [39] Superannuation funds pool the contributions from multiple individuals and invest these funds in a wide range of assets such as stocks, bonds, real estate, and more. These investments aim to generate returns and grow the fund ...
The company was established in 1988 when the State Bank of New South Wales created First State Fund Management as a subsidiary. In 1994, Colonial Mutual acquired the State Bank of New South Wales from the NSW Government, and on 23 September 1996 the merged entity was rebranded as Colonial State Bank, with First State Fund Management being branded as "Colonial First State" (CFS).
Meanwhile, the 2023 Mercer CFA Institute Global Pension Index reports that the Netherlands has the world’s best retirement system, and AARP suggests that Ireland and Italy are top destinations ...
Sunsuper Superannuation Fund (Sunsuper) was an Australian public offer industry superannuation fund based in Brisbane, Queensland, Australia. It was established in 1987 as a multi-industry superannuation fund open to all workers and is profit-for-members.