MLC Life has picked up a key group insurance mandate – that of TelstraSuper.
TelstraSuper chief executive, Chris Davies announced today that the fund would be transitioning from TAL Life to MLC.
He said the transition was expected to be effective from 1 July, next year following the completion of a comprehensive review.
“Insurance is an important component of superannuation and we want to ensure our members get the best possible outcome. As a profit for member fund we constantly look at increasing value for our members,” Davies said.
“The new arrangement will allow TelstraSuper to continue our tradition of offering our members beneficial terms and high levels of service, while at the same offering good value for money,” he said.
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.