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The man who chaired Canberra-based aviation industry fund AvSuper for around 20 years, David Leggo, has been appointed as the new independent chairman of Telstra Super — the nation’s largest corporate super fund.
Leggo will take up his appointment from 1 July for a three-year term.
Leggo succeeds Clive Batrouney who is retiring after seven years as chair of the fund.
Limited exposure to fossil fuel companies has positively impacted the performance of Australian Ethical’s balanced and growth funds, the super fund says.
The major bank has announced that real-time super payments will soon be available to all QuickSuper employers ahead of the looming payday super regime.
AMP Limited has reported its first positive quarterly net cash flows in superannuation and investments since 2017, marking a key milestone in the business’s ongoing turnaround strategy.
The Your Future, Your Super scheme and RG 97 may be directing capital away from more productive uses and discouraging active investment strategies, says the independent MP.