Members win 180,000 Qantas Points by boosting their super
Congratulations to Thomas Faber, Glenn King and Teresa Mak, who have each won 60,000 Qantas Points.
News
New Director elected to the Board
Qantas Domestic’s Head of Performance Financial Planning, Hendrik Van Calcar, has been elected to the Qantas Superannuation Limited Board.
Change to Cash investment option
From 4 April 2018, the Cash investment option will be invested solely into a bank account with ANZ Bank.
This change will mean a slightly higher rate of return compared to historical returns generated by the Cash investment option. ANZ will pay interest on the cash held in the account at a rate equal to the Reserve Bank of Australia rate plus 0.75% p.a.
Quitting investment in tobacco
Effective immediately, Qantas Super will no longer invest in tobacco manufacturers. We are currently selling the small holdings we own.
In announcing the decision, Chief Investment Officer Andrew Spence said: “Given the negative social costs and health problems associated with smoking, tobacco is at risk of becoming obsolete with growing acknowledgement globally that there is no safe level of usage of the product.
Gateway: Change in exit fee in line with AWOTE
In line with the change in the private sector average weekly ordinary time earnings (AWOTE) for the 12 months to 30 November 2017, the exit fee paid by members in Qantas Super Gateway will change from 1 April 2018.
A tidy $200m for our members
Qantas Super has reaped a whopping $200 million from the recent historic sale of the Asian renewable energy company, Equis. This money will all go into your super – you’ll see it through higher investment returns.
The markets and your super
There’s been lots of coverage about share market performance in the past few days. These movements are a normal part of investing for the long-term. You may find this information useful.
Congratulations to the winners of our Voice of the Member survey
Thanks to all our members who entered the recent survey, gave us feedback and suggested an innovation that we could introduce to improve our products and services.
Members move through Glidepath stage
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.
Market update for Q1 FY2018
Qantas Super delivered positive performance in the first three months of the 2018 financial year. Here’s what happened in the quarter across global markets.