BT Financial Group has appointed Gary Cox to lead its superannuation business and will review its effectiveness as part of a broader strategy to grow the company’s market share.
Announcing the appointment in late July, BT general manager Customer Solutions Jason Yetton said Cox would have responsibility for BT corporate super, personal super and retirement product solutions.
Yetton said one of Cox’s earliest roles would be undertaking a thorough review of BT’s products, systems, organisational capabilities and distribution channels.
He said Australian superannuation funds expected to grow from the current $810 billion to $2.6 trillion over the next decade, and he believed BT Super Solutions was well placed to develop innovative products and services to meet the needs of its employers, advisers and investors.
The Australian Prudential Regulation Authority (APRA) has placed superannuation front and centre in its 2025-26 corporate plan, signalling a period of intensified scrutiny over fund expenditure, governance and member outcomes.
Australian Retirement Trust (ART) has become a substantial shareholder in Tabcorp, taking a stake of just over 5 per cent in the gaming and wagering company.
AustralianSuper CEO Paul Schroder has said the fund will stay globally diversified but could tip more money into Australia if governments speed up decisions and provide clearer, long-term settings – warning any mandated local investment quota would be “a disaster”.
The Super Members Council (SMC) has called for streamlined super reporting to cut costs, boost investment flows, and strengthen retirement outcomes.