End of year message from Chris Davies
December 21, 2021
I would like to take the opportunity to wish you and your family the very best for the festive season and the New Year. Covid-19 created yet another challenging year for many, but nonetheless, there is also cause for much celebration.
At the end of June we were pleased to present our strong returns for TelstraSuper’s Growth, Balanced and Conservative options. These were some of the strongest returns in our 31-year history which placed us in the top 10 performing funds over the financial year.^
We built industry leading innovation in SuperOnline for those nearing retirement so we can offer a more insightful, personalised experience for them. And for those already in retirement, November saw the launch of dedicated retirement investment products with the introduction of the Lifestyle investment options to help members manage investment volatility and help sustain income during retirement.
We also launched a new advice model that introduced additional affordable personal advice services for members. The new service assists members who are looking to take that next step with their super or are starting to seriously think about transitioning into retirement or retiring.
In addition, I was delighted to announce on 1 July the reduction of the percentage-based administration fee by 10 percent to help members maximise their super savings. The reduction takes the percentage-based administration fee to 0.18 percent which is the lowest it has been in TelstraSuper’s history.
And finally, we were thrilled to welcome your friends to TelstraSuper. From March this year, members could refer their friends to join TelstraSuper so they too can benefit from a fund you trust. If you’d like to give your friend the gift of a leading profit-to members super fund this Christmas, click here.
As a result of all this progress, we were very proud to receive the SuperRating’s Momentum Award in November. This recognised all the hard work put in to provide better and smarter solutions for our members and the trailblazing work done in the transition to retirement and retirement space. We also maintained our Platinum rating from SuperRatings for the 17th year.
After such a busy year, the team at TelstraSuper is looking forward to a well-deserved break – you can see our holiday hours here.
I’d like to sincerely thank you all for trusting us with your super, we’re honoured to be on this journey with you. I wish you and your loved ones a Merry Christmas and safe and happy holiday season.
Chris Davies