Telstra Super has opened its fund to friends of members as demand for the fund has increased in recent years.
Speaking to Money Management, executive general manager, market and digital, Jean-Luc Ambrosi, said while the fund had always technically been a public offering, it was only available to Telstra employees and their families.
However, over recent years there had been feedback from members who wanted the fund to open to their friends as well.
“We think it will allow a few people to come into the fund but nothing spectacular,” Ambrosi said.
“It’s really early days so we don’t know how many people will join the fund initially. We’ll know in a few months if the demand we had translates to members.”
He said the offering to friends was changed on 1 March.