The merger is putting an end to one of the oldest corporate super funds in Australia.
Qantas’ $9 billion corporate super fund plans to merge with Australian Retirement Trust, ending 85 years of management in a move that could soon leave ANZ with one of the few surviving standalone corporate funds in Australia.
“Throughout the process of exploring merger options, Australian Retirement Trust has demonstrated its strong commitment to taking care of our members and their best financial interests,” he said.Qantas Super manages about $9 billion in assets and has bounced back from a three-year period of asset reduction during the COVID-19 pandemic. In 2022, total assets had shrunk by $472 million to $8.15 billion.
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