Telstra Super is sifting through the many applications it has received for the job of head of its financial planning division, according to the departing incumbent, Pat Ryan
“We’re in the early stages of finding a replacement and there’s strong interest both internally and externally,” Ryan said. In the four years since the launch of Telstra Super Financial Planning, the group has grown to 42 staff including 28 full time salaried advisers. All advisers have achieved certified financial planner (CFP) status and are “very technically advanced,” Ryan said. “Our members have benefited from having qualified and disciplined people advising them on their superannuation investments and options,” he said. “The cost of advice [via Telstra Super] is half of what the commercial market charges and our advisers are salaried and do not get paid commissions.” Ryan is due to retire from Telstra Super at the end of June and his replacement is expected to be confirmed next month.
Australian super funds’ collaboration with their British counterparts to change the UK policy setting is an engagement effort the first of its kind. However, as the global pension industry and financial markets become increasingly entwined, it certainly won’t be the last. IFM Investors’ David Whiteley outlines its global engagement ambitions on behalf of super funds.
Darcy SongOctober 14, 2024
