QANTAS Super - Division 6

QANTAS Super Division 6 was established to service the retirement needs of employees of QANTAS Airways Limited. The fund is no longer accepting applications for new members; however, continues to service existing members.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 the member approaches retirement. The fund's investments strategies have been designed specifically to achieve a net risk-adjusted return to members; subsequently, the Growth option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees are competitive across smaller sized account balances; however, remain higher than the industry average across medium and large account balances assessed. The administration fee is also capped at $1,200 per annum.The insurance offering in QANTAS Super Division 6 allows eligible members to apply for up to $10 million of Death cover and up to $3 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. 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.