Long-serving First State Super chief executive, Michael Dwyer will retire in November.
The First State board announced Dwyer’s intended retirement today, noting that it would occur at the end of his current contract on 30 November.
Confirming the arrangement, First State chairman, Neil Cochrane, paid tribute to Dwyer’s contribution to the fund and the broader superannuation funds industry.
He said a leading search firm had been retained to find Dwyer’s replacement and he would remain in his role until the new CEO settled in.
Both economists and money markets have scaled back expectations of a jumbo rate cut in May.
Negative market movements, coupled with net outflows, have prompted a near $6 billion decline in Challenger’s funds under management (FUM) for FY2024–25’s third quarter.
Momentum Media’s wealth publishing network – comprising InvestorDaily, ifa, SMSF Adviser, Money Management, and Super Review – is proud to launch the annual Australian Wealth Management Awards.
Advice licensee Centrepoint Alliance has entered an agreement to acquire the comprehensive financial advice book of the super fund’s subsidiary firm.