We are proud to announce a monumental milestone for Brighter Super as our innovative funding initiative, Superworm, successfully raised $280 million. This remarkable achievement reinforces our long-standing commitment to building a secure retirement future for our members and demonstrates the continued trust placed in our strategies and vision. Brighter Super, a 100% member-owned, Queensland-based superannuation fund, has been safeguarding the retirement savings of over 280,000 members while managing more than $34 billion in assets as of 1 January 2025. Since our establishment in 1965, and now celebrating 60 years of Queensland heritage, we have continually evolved to meet the robust financial needs of our diverse membership.
The newly acquired funding will be strategically invested to enhance our service offerings, support technological innovation, and further expand our personalized financial advice and insurance solutions. This capital injection empowers us to maintain our commitment to delivering solid performance, low fees, and dedicated personal support by ensuring we remain at the forefront of the industry. The funds will also help us bolster our efforts in our core sectors鈥攍ocal government, finance, and energy鈥攚hile welcoming members from the broader community, solidifying our status as the fourth largest non-government financial institution in Queensland.
This exciting development marks a new chapter where our rich legacy intersects with dynamic growth, providing the means to elevate member experiences and adapt to an ever-changing financial landscape. We remain steadfast in our promise to be right by your side, guiding you towards a confident retirement with secure financial outcomes. The $280 million raised through Superworm is not just an investment; it鈥檚 an affirmation of our shared future and the enduring strength of our community.
