The Qantas Superannuation Plan is understood to have selected the IBM/Russell partnership as its preferred outsourced provider of member administration.
The board of the $5 billion corporate fund is understood to have passed on Mercer HR in preference for the IBM/Russell partnership, in which the former organisation runs the operations and the latter the client relationships. It is not known whether a contract with IBM/Russell has been finalised, or the extent to which any new relationship will impact on Qantas Super’s internal administration team. Qantas Super chief executive, Jeremy Edmonds, was unavailable for comment as to whether a final commitment to outsourcing administration had been made.
21 November 2006 00:00
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Investments
The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.
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