Former UniSuper executive Chris Davies has been appointed chief executive of Telstra Super as the $13 billion-plus corporate superannuation fund unveils its new member direct platform.
Previously executive manager, member and employer solutions at UniSuper, Davies will fill the space left by Martin Crowe who announced his retirement earlier in the year.
The fund also announced the launch of its member direct option developed in conjunction with UBS.
It gives members access to term deposits through ME Bank, NAB and RaboDirect, with holdings managed by ANZ at higher than standard rates and online trading access to the local market.
Telstra Super acting chief executive Paul Curtin said it was the next phase in the fund's ongoing product development strategy.
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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