Sunsuper has created a new product team and appointed Andrew Nicholson to the role of general manager, product.
He will take on the task of managing the design, development and implementation of a range of Sunsuper superannuation, insurance, financial advice and retirement income products as general manager, product.
Sunsuper chief executive Tony Lally said the need to enhance the fund's product capabilities became apparent when recently developing the fund's five-year plan.
Nicholson previously held the role of product manager within the customer experience and insights team.
As Sunsuper's product manager, Nicholson was pivotal in bringing the fund's ‘Sunsuper for life’ product to market, including the design and launch of the product and short form disclosure statements.
He also helped launch Sunsuper's new insurance offering and simplified its investment menu.
Nicholson has over 20 years' industry experience in roles with Suncorp, Westpac, State Street and KPMG across wealth management, strategy, professional accounting and banking.
"As a strong advocate of customer-based design, Andrew's skills and experience will enable him to lead the product team in creating and implementing new products that offer members flexibility in how they manage their super savings and move these into market quickly and effectively," Lally said.
The executive role is one of four management roles the super fund plans to fill within the team over the coming months.
Sunsuper launched ‘Sunsuper for life’ in April this year, and awarded its insurance contract to AIA last December.
In August, Lally said the fund's five-year plan also included expanding the fund's national footprint, and four business development managers were hired to support this goal.
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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