Sunsuper is continuing to push for growth in New South Wales, appointing Andrew Gledhill and Warren Peppin as business development managers charged with expanding its client base in the state.
The industry fund has experienced 32 per cent growth in member numbers and 10 per cent growth in employers since it launched its growth strategy last August.
Peppin has more than 23 years experience in the financial services industry in a variety of business development and financial planning positions. Former employers include AMP, Colonial First State, State Super, Commsec, Zurich Financial Services and Aon Master Trust.
Gledhill has worked in the superannuation industry for 36 years at roles with MTAA Superannuation, Australian Administration Services, STA and the Superannuation Administration Authority of NSW.
Sunsuper has also launched new building signage over North Sydney in a bid to attract more business in NSW.
Sunsuper general manager business growth Craig Godfrey said: "The launch of our new ‘shop-front' and the appointment of two new business development managers to the larger team in this market reinforces that Sunsuper is making its mark in Sydney and is continuing to build on the growth we've seen over the last eight months".
Last September, Sunsuper announced it had achieved 15 per cent growth on the previous year's funds under management (FUM) growing FUM to $20 billion. It managed to grow its member base by 11,000 and default arrangements by 12,000 employers over the 12 months to October last year, attracting 94 per cent through its online employer portal.
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.