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.
A managed investment scheme holding 20 per cent or more in unlisted assets is deemed an illiquid scheme and is restricted from providing frequent liquidity, but there is no formal limit on how much super funds can allocate to these asset classes. The Conexus Institute writes this is a special privilege given to APRA-regulated super funds that should not be taken for granted.
David Bell and Geoff WarrenFebruary 6, 2025