We celebrated an important and rare milestone in 2016 – the 100-year anniversary of our fund!
From a small foundation in 1916, our fund has grown over the years to now look after more than 75,000 members and over $10 billion of savings on their behalf, making us one of the largest corporate super funds in Australia.
Our centenary was not only a significant milestone for our fund, but also a testament to the Commonwealth Bank Group’s strong commitment to providing for the financial wellbeing of its employees and their families.
Our fund has grown just as the Bank has, but we had more humble beginnings. In 1916 when the Bank established an employee superannuation fund, the idea of saving for the future was rather novel.
The fund started out with around £3,000 in assets and just over 500 members, which was actually about how many people were working with the Bank back then. In the early days, the Governor of the Commonwealth Bank was responsible for the fund. Today, we have a dedicated trustee board solely focussed on managing our fund.
With every anniversary comes another year of experience and with over 100 years under our belt, our goal is to continue providing you with the tools and support to help ensure you’re getting the most out of your super!