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."
The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.