Sunsuper has created a new product team and appointed Andrew Nicholson to the role of general manager, product.
He will take on the task of managing the design, development and implementation of a range of Sunsuper superannuation, insurance, financial advice and retirement income products as general manager, product.
Sunsuper chief executive Tony Lally said the need to enhance the fund's product capabilities became apparent when recently developing the fund's five-year plan.
Nicholson previously held the role of product manager within the customer experience and insights team.
As Sunsuper's product manager, Nicholson was pivotal in bringing the fund's ‘Sunsuper for life’ product to market, including the design and launch of the product and short form disclosure statements.
He also helped launch Sunsuper's new insurance offering and simplified its investment menu.
Nicholson has over 20 years' industry experience in roles with Suncorp, Westpac, State Street and KPMG across wealth management, strategy, professional accounting and banking.
"As a strong advocate of customer-based design, Andrew's skills and experience will enable him to lead the product team in creating and implementing new products that offer members flexibility in how they manage their super savings and move these into market quickly and effectively," Lally said.
The executive role is one of four management roles the super fund plans to fill within the team over the coming months.
Sunsuper launched ‘Sunsuper for life’ in April this year, and awarded its insurance contract to AIA last December.
In August, Lally said the fund's five-year plan also included expanding the fund's national footprint, and four business development managers were hired to support this goal.
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.