ABC News – Australia · australia
TelstraSuper closes Direct Access investment, leaving members with two months to act
2 hours ago
TelstraSuper closed its Direct Access investment product without properly notifying its 87,000 members, leaving them less than two months to sell assets during the Christmas period. Members criticized the lack of communication, alleging that recent changes allowed the fund to shut the option with minimal notice. The closure comes as TelstraSuper prepares to merge with Aware Super this month.
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Summary by Glance · Original reporting by ABC News – Australia
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