The Australian Government’s privatisation of Telstra in the 1990s led to the establishment of what was then the ‘Telecom Superannuation Scheme’. The proceeds of the sale of Telstra assets were the basis for converting an unfunded commonwealth pension scheme into the original defined benefit scheme that was eventually closed to new members in 1999, but still has over 3,000 active defined benefit members and has grown to be Australia’s largest corporate superannuation fund. The fund opened a profit-to-members accumulation plan in 1997 with a comprehensive service offering to Telstra Group employees and ex-employees. Today, members enjoy a dedicated range of...