Two groups of members who are invested in Glidepath have moved to their next investment stage. This move between stages takes place when the average age of a membership group reaches a certain age.
For members in the 1960-1964 group
As the average age of the members has reached 55, this group has moved from Altitude to Cruising.
For members in the 1970-1974 group
The average age of the members in this group has reached 45, and so the investment stage for this group has changed from Take-Off to Altitude. These changes came into effect on 5 December 2017.
What does this mean?
Glidepath is an investment option in Qantas Super. It’s been designed by Qantas Super to meet the needs of our members today and into the future by aligning the investment time horizon of members with the return and risk profile of how they’re invested. It’s structured to provide members with a greater exposure to growth assets when they’re younger and then to automatically, and gradually, increase the exposure to defensive assets as retirement nears.
As you can see in figure 1 below, Glidepath has four investment stages: Take-Off, Altitude, Cruising and Destination, and each has a different mix of growth and defensive assets. When members first invest in Glidepath, they’re allocated to an age group based on their year of birth, and that group is invested in one of the four investment stages. Scroll down to figure 2 to see the investment stages by age group, and figure 3 shows how age groups move through Glidepath’s investment stages.
When the average age of a group reaches a certain age, we move them to the next investment stage within Glidepath (see figure 1) to increase their exposure to defensive assets. It’s all automatic – we do the work for you.
FAQ: I’m in the age group that’s changing stages. Do I have to do anything?
No, it’s all done for you. You will shortly receive a letter from us confirming this change.
FAQ: If I don’t want to move into the next investment stage, can I choose not to?
You can’t choose a different investment stage in Glidepath, but you can choose to move some or all of your super balance to other investment options in Qantas Super at any time. You can change your investment option by logging into your account.
Figure 2: Glidepath investment stages by age group
|Your age group
(based on year of birth)
|Investment stage your age group invests in
(as at 5 December 2017)
|2000 – 2004
1995 – 1999
1990 – 1994
1985 – 1989
1980 – 1984
1975 – 1979
|1970 – 1974
1965 – 1969
|1960 – 1969
1955 – 1959
|1950 – 1954
Figure 3: How age groups move through investment stages
|If you’re invested in…||You move to the next investment stage when the average age of your age group is…|
|Destination||Not applicable. You will remain in this investment stage for the remainder of your time in the Glidepath investment option|
If you have any questions, or would like to talk to a licensed financial adviser, please call us.