After more than 20 years of utilising NAB Asset Servicing, bit corporate super fund, Telstra Super has declared it is reviewing its custodian arrangements.
The custody review was confirmed this week by Telstra Super chief financial officer, Paul Curtin.
Curtin said the fund was undertaking the exercise on the basis of regularly reviewing service providers to ensure best practice service standards and efficient pricing.
He noted that NAB had been Telstra Super's custodian for over 20 years.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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