Michael Pennisi


QSuper creates 36 styles of communication

In QSuper’s bid to create mass personalisation of retirement outcomes it has created 36 different types of communication for members. Speaking at the Post Retirement Conference in Sydney, Michael Pennisi, chief strategy officer at QSuper, revealed how an attitudinal survey, along with age and gender had helped create the profiles. “With each of those profiles […]
Investment Strategy

QSuper pension take up grows year-by-year

A sharp uptake in QSuper members choosing its pension product has coincided with the provision of greater flexibility to tailor drawdown. Since December pension payments can be increased annually in line with inflation, while limits on switching and minimum withdrawals have been removed. Members who are invested across several investment options will now also have […]
Hedge Funds

QSuper’s guaranteed-term annuity

QSuper has partnered with Challenger to offer a new guaranteed-term annuity, the first for the superannuation fund and exclusive to its members. The product, which is available to members through QSuper or its financial planning business QInvest1, will provide a very competitive earning rate on term annuities, according to Michael Pennisi, chief strategy officer at […]
Investment Strategy

McTaggart reflects on 14 years steering QIC

As Doug McTaggart prepares to leave his position as chief executive officer of QIC, he says the state-owned asset manager is well positioned to build on its growing client base. QIC, under McTaggart, has expanded from its foundation clients, the Queensland government and QSuper, and increasingly looked to commercial opportunities via large institutional investors in […]