Telstra Corporation Limited
(ASX:TLS) has reportedly told its board there are no plans to spin-off its in-house superannuation scheme.
Media reports say the move has downplayed speculation the telco was moving to sever ties with the scheme.
Telstra chief financial officer Andy Penn reportedly informed trustees of the retirement scheme that the group was not considering a spin off, at a board meeting in June.
The Telstra Superannuation Fund holds $11 billion in assets, making it the largest corporate fund in the country.
Telstra generated a net profit of $1.6 billion in the first half of fiscal 2013.
