Superannuation Complaints Tribunal (SCT) acting chair, Jocelyn Furlan, has told staff at the Tribunal that she will not be seeking to have her appointment renewed.
Furlan's appointment as SCT chairperson ended earlier this year but she has continued in the role in an acting position thereafter.
The Government is now into its second round of recruitment activity to fill the SCT role but Furlan is understood to have withdrawn her name from further consideration.
The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
APRA’s latest data has revealed that superannuation funds spent $1.3 billion on advice fees, with the vast majority sent to external financial advisers.
Cbus Super has unveiled Advice Essentials Plus, a new service offering affordable financial advice to both members and their partners.
The fund has launched a new tool to help deliver personalised financial education and digital personal advice to eligible members.