Qantas Super

One of Australia’s last corporate superannuation funds will merge with Australian Retirement Trust following years of pandemic disruption and regulatory change that stymied efforts to grow its member base.

Hostplus has topped the keenly anticipated performance charts for balanced super funds for the year to June, as well as the past 10 years, SuperRatings has confirmed. Only three funds showed positive returns for the 12 months.

“When it comes to super, all the evidence points to the more you pay, the less you get. There’s lots of reasons for that, the most fundamental of which is that active management really struggles to outperform the market.”

Qantas Super has made more green moves across its portfolio by tipping $50 million into a new fund targeting companies keyed to the tidal wave of investment into emissions reduction technologies.

Super fund data companies are rushing to beat deadlines for June 30 figures, with heightened interest from industry participants and members. The median balanced fund was minus 3.3 per cent, SuperRatings said.

In less than 20 years there will likely be a trillion-dollar super fund. So how will it throw its awesome weight around? It might have been premature to label AustralianSuper our first mega-fund. After all, it gives little room to move when coming up with a descriptor for a fund that will someday manage $1…