History

FuturePlus has a long history of looking after members’ financial well-being in retirement. In the early 1900’s, the predecessors of the Local Government Superannuation Scheme and the Energy Industries Superannuation Scheme provided clients with superannuation through a number of defined benefit pension schemes.

In 1997, the Schemes formed Superannuation Services Company Pty Limited (SSC) to provide a comprehensive suite of financial services to their members. In 1999, the Local Government Superannuation Scheme and the Energy Industries Superannuation Scheme established a licensed Financial Planning organisation, FuturePlus Financial Services, and in 2001, the Schemes acquired a two-third interest in Chifley Financial Services Limited (Chifley).

In late 2003, the operations of FuturePlus and SSC were merged to form the new FuturePlus which now provides superannuation and financial services to members of the Schemes and Chifley. In addition, with FuturePlus Super, FuturePlus also provides employers and the general public access to public offer superannuation and other investment products, employer sponsored funds, insurance, home loans, wholesale investment vehicles and financial planning.

In October 2004, the Local Government Superannuation Scheme acquired Local Government Financial Services Pty Ltd (LGFS) from the Local Government & Shires Associations to provide NSW councils with a range of financial services. FuturePlus was appointed to provide both financial and member services, and investment management to this organisation.

Now one of the largest in Australia

FuturePlus now provides services to six major clients with over 138,000 members and over $12 billion in assets. It does this through a business model that ensures the Trustees of each of our clients are able to tailor services to their members, while leveraging off the scale of the Group.

Our core difference

Our business model is unique - Our clients maintain Trustee independence, but still benefit from scale, expertise and resources.

Superannuation is our core business - We understand its complexities, governance and administrations issues.

We deliver investment expertise - We manage one of the largest investment pools in Australia on behalf of our clients.

Our quality service offering - Our goal is to deliver service excellence to clients’ members and stakeholders.

Leading edge through scale - Our history, our expertise, our size and most importantly our philosophy, enable us to tailor best of breed practices for our clients’ members and employers.
 

Our company origins Companies that helped build and shape FuturePlus
2007	Assets under management and advice increased to over $12 billion.
2005	Assets under management and advice over $7 billion and public offer superannuation fund changes name from Australian Public Superannuation Fund to FuturePlus Super
2004	The Local Government Superannuation Scheme purchased Local Government Financial Services. FuturePlus provides all the services
2003	FuturePlus and SSC merged
2001	Two thirds of Chifley Financial Services acquired by the Local Government Superannuation Scheme and the Energy Industries Superannuation Scheme
1999	FuturePlus Financial Services formed to provide financial planning to the Scheme members
1997	Superannuation Services Company formed to support the newly independent Local Government Superannuation Scheme and the Energy Industries Superannuation Scheme
1997	Local Government Superannuation Scheme and the Energy Industries Superannuation Scheme separate from NSW State Super to form their own superannuation entities
1992	Trustee and Investment/Administration functions were split to form “State Super” and “State Superannuation Investment & Management Corporation”
1988	State Authority Superannuation Board amalgamated all industry superannuation boards to form one main State Entity
1985	Public Authorities Superannuation Board was formed from the merger of Local Government Super Board and the NSW Retirement Board
1930s	Local Government Superannuation Board formed