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1916: Our origins

In a time of war, the Commonwealth Bank of Australia’s first pension fund was established for employees. It was made up of two funds (the Officers’ Superannuation Fund and the Officers’ Fidelity Guarantee Fund) and had just over 500 members and around £3,000 in assets.

In addition to helping employees prepare for the future, the fund ensured that employees who went off to fight for Australia in World War I still had their pension arrangements upheld for their later years after they returned.