CareSuper
CARE Super (stylised CareSuper) is an Australian industry super fund.
 | |
| Type | mutual fund |
|---|---|
| Industry | Superannuation |
| Founded | 1986 |
| Headquarters | , Australia |
Area served | Australia |
Key people | Linda Scott, Chair, Julie Lander, Chief Executive Officer, Suzanne Branton, Chief Investment Officer |
| Total assets | $A19.7 billion |
| Website | www |
It was established in 1986, as a retirement fund for people in professional, managerial, administration and service industries. It services over 245,000 members Australia-wide and has $19.7 billion in funds under management.[1]
As a mutual fund, all profits earned by CareSuper's trustee is returned to members of the fund.
History
Formerly the ‘Clerical, Administrative and Related Employees Superannuation Plan’, CareSuper was established in 1986 as one of the early industry superannuation funds in Australia to meet award super requirements. In the new year of 1987, companies were invited to participate in CareSuper, the first to join was Siemens Limited.
In 1999, CareSuper became a public offer fund, enabling non employer-sponsored individuals to join the CareSuper Personal Plan.
In July 2007, CareSuper introduced a Pension product, allowing members to stay with the fund as they move towards or commence retirement.
In 2011, retired Australian swimmer Giaan Rooney became the face of CareSuper. As CareSuper's brand ambassador, she regularly features in CareSuper's television advertisements and events.[2]
It was announced in September 2011 that the then $4.9 billion fund CareSuper and $1.6 billion fund Asset Super were in talks to conduct a merger of the two funds.[3]
The merger was completed on 27 October 2012, with 4 Trustee Directors from Asset joining the existing 9 Trustee Directors on the Board of CareSuper.
References
- "About us".
- "Industry super funds facing a whole new ball game | The Australian". Archived from the original on 29 September 2012.
- "ASSET, Care Super in merger talks". 2 September 2011.