POWERED BY MOMENTUM MEDIA
Telstra partners with UBS for new investment options
Telstra Super is working with international broker UBS to deliver its direct investment options to members by the second quarter of 2013.
'Direct Access' will include term deposits and shares and is aimed at giving more control to members. The investment option will roll out initially to accumulation members before being expanded to include an income-stream version.
In August, Telstra Super chief financial officer Christine Liosis said the fund had lost 71 per cent of its members to self-managed super funds and would roll out direct investment options in 2013 as a way to stem the outflow of members.
Telstra Super general manager development and distribution Kevin Moloney said the new investment option built on a number of initiatives the fund had developed for members over the year.
"We are excited to introduce the next phase of Telstra Super's long-range product development strategy, having already launched two new investment options, Defensive Growth and Diversified Income, as well as a successful health insurance alliance, all of which have received strong support from members over the past three years", he said.
According to Moloney, Direct Access would be underpinned by an integrated online and print communications and education program, as well as via the fund's face-to-face seminars, which fed into Telstra Super's responsibility to members to provide financial literacy tools.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Private market assets in super have surged, while private debt recorded the fastest growth among all investment types.
The equities investor has launched a new long-short fund seeded by UniSuper, targeting alpha from ASX 300 equities using AI insights.
The fund has strengthened efforts to boost gender diversity, targeting 40:40:20 balance across its investment teams by 2030.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
