MLC Life has picked up a key group insurance mandate – that of TelstraSuper.
TelstraSuper chief executive, Chris Davies announced today that the fund would be transitioning from TAL Life to MLC.
He said the transition was expected to be effective from 1 July, next year following the completion of a comprehensive review.
“Insurance is an important component of superannuation and we want to ensure our members get the best possible outcome. As a profit for member fund we constantly look at increasing value for our members,” Davies said.
“The new arrangement will allow TelstraSuper to continue our tradition of offering our members beneficial terms and high levels of service, while at the same offering good value for money,” he said.
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
The $91 billion fund has doubled down on its data security, alongside enhancing its investment strategy, with two key appointments.
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.