David Leggo has been reappointed as independent chairman of Telstra Super.
Leggo has overseen a number of developments at the corporate sector fund including the introduction of two new investment options and a reduction in member fees.
He has garnered awards for the fund and as Trustee of the Year.
"Telstra Super has a reputation for providing industry-leading benefits and services to its members, and I am proud to have overseen a raft of new developments to help cement this position since my appointment to the Board," Leggo said.
"We are entering another exciting period for the fund, with the planned introduction of a number of positive new initiatives, and I am pleased to be able to continue to work with management and staff to bring these to fruition."
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.