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New CIO for Telstra Super
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Telstra Super has appointed former QIC executive Jim Christensen as its new Chief Investment Officer.
The big fund announced that Christensen would be relocated to Melbourne early in the New Year to head up its investment.
Telstra Super chief executive Martin Crowe announced the appointment and said that Christensen had formerly been managing director of QIC’s Active Management Division.
AUTHOR
Mike Taylor
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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.
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