GESB supports the Department of Treasury in implementing changes to superannuation in WA.
Choice of Fund
On 30 March 2012, Choice of Fund was introduced for WA public sector employees. GESB welcomed the introduction of choice and continues to support members to make informed decisions about their super by providing easy access to financial education and information resources.
In May 2012, the WA State Government began a tender process to find a commercial service provider to manage GESB's administration functions. GESB worked with the Department of Treasury to implement this important reform.
Following the WA State Government approval process, the GESB Board appointed Link Group as its commercial provider of administration services, effective 1 July 2014.
Members and employers all received a letter from GESB in July 2014 informing them of the new partnership.
GESB Wealth Management Pty Ltd (GWM)
In July 2012, the GESB Board endorsed a Cabinet decision to wind-up its wholly owned subsidiary GESB Wealth Management Pty Ltd (GWM). This was officially deregistered by the Australian Securities and Investments Commission in July 2013. While GESB has withdrawn from the provision of financial advice, members continue to have access to education and information services through GESB's Retirement Options Service.