QANTAS Super Gateway - Income Account

QANTAS Super Gateway was established to service the retirement needs of employees of QANTAS Airways Limited. The fund is only available to current and former employees, as well as their spouses. QANTAS Super Gateway Income Account requires a minimum initial investment of $30,000 to commence membership.Members may select from four diversified strategies and a cash option. Members may also select the Glidepath lifestage option, which automatically increases the allocation to defensive assets as they age. The fund's investments strategies have been designed specifically to achieve a net risk-adjusted return to members. The Growth option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are higher than the industry average across medium and large account balances assessed; however, the fixed dollar and percentage-based administration fees are capped at $1,200 per annum. The fund does not charge an investment switching fee or a buy-sell spread.QANTAS Super Gateway Income Account offers a good level of pension flexibility, with members able to select from fortnightly through to yearly payment frequencies. Members with more than one investment option can nominate the proportion of payments to be drawn from each option. Members can also select from reversionary pensions, binding death nomination and non-binding lump sum death benefits.Members have access to a range of educational materials, as well as phone-based and onsite financial advice, and can carry out account-related transaction online. The fund also regularly conducts information seminars at various locations to ensure members are well informed on their retirement needs.