The partnership will help resource the First Nations Foundation’s “Big Super Day Out” - an Indigenous community event to help first Australians find their lost super, consolidate accounts, and become educated about the benefits that super offers.
TelstraSuper CEO Chris Davies said the partnership reflects TelstraSuper’s commitment to serving all members – including Aboriginal and Torres Strait Islander peoples in remote communities.
“Even after more than 25 years of compulsory super, Aboriginal and Torres Strait Islander people still have poorer superannuation outcomes than non- Indigenous Australians,” said Mr Davies. “With over 90,000 TelstraSuper members all around Australia, we have a duty to ensure that all Australians are supported in the best way possible.”
Aboriginal and Torres Strait Islander people face many challenges in accessing superannuation including verification of identity, communication and literacy issues, different cultural practices and relationships, and life expectancy differences.
Two events will be held in 2019, servicing areas including Darwin, Kununurra, Broome, Gapuwiyak, Galiwin’ku, Milingimbi and Ramingining.
First Nations Foundation has helped reunite Indigenous people with millions of dollars of lost superannuation through their Big Super Day Out event that has been running since 2014. To date, more than $14.5 million in lost super has been located for over 1,100 people.
“We are delighted to welcome TelstraSuper as a partner and are thankful for their support,” said CEO of the First Nations Foundation Amanda Young. “As we receive no Government funding, the support of the financial services and superannuation sectors is vital to the creation of these events. We know the returns will be significant for both Indigenous Australia and indeed the superannuation sector itself, as every $1 invested will bring back $36 to the superannuation system”.