David Leggo has been reappointed as independent chairman of Telstra Super.
Leggo has overseen a number of developments at the corporate sector fund including the introduction of two new investment options and a reduction in member fees.
He has garnered awards for the fund and as Trustee of the Year.
"Telstra Super has a reputation for providing industry-leading benefits and services to its members, and I am proud to have overseen a raft of new developments to help cement this position since my appointment to the Board," Leggo said.
"We are entering another exciting period for the fund, with the planned introduction of a number of positive new initiatives, and I am pleased to be able to continue to work with management and staff to bring these to fruition."
Australia’s superannuation funds are becoming a defining force in shaping the nation’s capital markets, with the corporate watchdog warning that trustees now hold systemic importance on par with banks.
Payday super has passed Parliament, marking a major shift to combat unpaid entitlements and strengthen retirement outcomes for millions of workers.
The central bank has announced the official cash rate decision for its November monetary policy meeting.
Australia’s maturing superannuation system delivers higher balances, fewer duplicate accounts and growing female asset share, but gaps and adequacy challenges remain.