Former UniSuper executive Chris Davies has been appointed chief executive of Telstra Super as the $13 billion-plus corporate superannuation fund unveils its new member direct platform.
Previously executive manager, member and employer solutions at UniSuper, Davies will fill the space left by Martin Crowe who announced his retirement earlier in the year.
The fund also announced the launch of its member direct option developed in conjunction with UBS.
It gives members access to term deposits through ME Bank, NAB and RaboDirect, with holdings managed by ANZ at higher than standard rates and online trading access to the local market.
Telstra Super acting chief executive Paul Curtin said it was the next phase in the fund's ongoing product development strategy.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.