The Commonwealth Bank has rebranded its corporate superannuation fund Officers' Superannuation Fund to Commonwealth Bank Group Super.
In an effort to align the offering to the Commonwealth's national brand, Commonwealth Bank Group Super chief executive Doug Carmichael said the rebrand forms part of a strategy to better engage its members.
"We are clearly highlighting to members who we are, what we do, and where we come from," he said.
"But more importantly, the rebrand is about ensuring we deliver on our commitment to better interact with our members, to better inform and educate, and to better help members make the right choices for their retirement lifestyle," Carmichael said.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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