Kevin O’Sullivan
UniSuper, Australia’s fifth largest superannuation fund, surpasses $100 billion in funds under management as it officially opens to new members outside the higher education and research sector, giving more people access to one of Australia’s top performing funds[1].
From 5 July UniSuper welcomes members from outside the higher education and research sector, while maintaining its strong affinity with and deep knowledge of the sector.
UniSuper CEO Kevin O’Sullivan said: “Today is a momentous occasion for the fund. Hitting $100b in FUM, including over $12b in our sustainable options, as we open our doors to all Australians, marks a significant milestone for UniSuper.
“The continued growth and popularity of our three sustainable investment strategies along with the exceptional investment returns of almost 50%[2] from our unique Global Environmental Opportunities option have contributed to the fund hitting this key milestone.
“There has been a tremendous amount of work in the build-up to today, and we’re thrilled to finally bring our award-winning range of services and investments to a wider audience, while continuing to offer the same excellent service our existing members have come to expect.”
A razor-sharp focus on members now and into the future
“Since announcing our intention to open to a wider market in early May, the response from existing and prospective members has been extremely positive. This is a real testament to our member focus, consistent strong performance[1] and low fees. This powerful combination, and our growing scale, will be even more important as regulatory change and industry consolidation continue to reshape the super sector,” Mr O’Sullivan said.
“It’s been a real honour to lead this wonderful organisation over the last eight years and I’m very proud of the many successes achieved. Opening the fund more broadly signifies an exciting new chapter for UniSuper, and this is just the beginning. I’m extremely confident UniSuper will continue to go from strength to strength while staying true to its purpose of delivering greater retirement outcomes for all members.”
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