BT Financial Group has appointed Rodney Greenhalgh as its new head of retirement.
Greenhalgh will be responsible for driving the implementation and execution of the group’s retirement strategy, and will report to the general manager of Super, Investments and Retirement, David Lees.
Greenhalgh has over 17 years experience in wealth management, most recently as general manager of product and marketing at Challenger where he was responsible for developing and marketing the firm’s annuity and managed fund products.
He has also held a number of senior product development roles at MLC.
Lees said Greenhalgh’s experience in product management and development in the super and retirement market will help BT Financial Group take its offer to Australians to the next level.
Greenhalgh will commence his role from 6 June.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.