Geoff Peck, head of BT’s corporate superannuation Super Solutions, is leaving the company to spend more time with his family.
Peck announced his resignation last week and will assist BT in finding a replacement. He has been with the company for 12 years and will relocate to Queensland in a time-out from the workforce, a BT spokesperson said. “He’s been really instrumental in the superannuation business for BT,” the spokesperson said. BT has $14 billion in funds under administration in Super Solutions and oversees a 50-member team.
AustralianSuper’s appointment of a general manager, retirement to replace Shawn Blackmore, which follows ART's redeployment of Kathy Vincent to chief operating officer, shows that mega funds are back-pedalling on the strategy of having dedicated retirement C-suite executives. The role had been touted as the next big thing in super funds' organisational structures, but experts say what matters is there is senior accountability for decumulation.
Darcy SongDecember 4, 2024
