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$8.4b Qantas super fund eyes merger options

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Qantas’ 80-year old employee retirement fund is the latest corporate fund to explore merger avenues, sources say.

Qantas is considering the future of its $8.4 billion employee super fund, with the Qantas Super board expected to discuss the matter at a meeting on Thursday.

Qantas Super, chaired by John Aitkin, has been exclusively used by 26,000 Qantas employees and their spouses since 1939. Qantas Super manages $8.4 billion in assets as of June 30, an improvement from three years of asset reduction in the prior years. In 2022, total assets reduced by $472 million to $8.15 billion.

“The Trustee regularly reviews its strategy to develop a view as to the most appropriate strategic pathway for Qantas Super to enable it to deliver the best outcomes for members,” a spokesperson for Qantas Super said.

 

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