ASFA appoints two new board directors
The Association of Superannuation Funds of Australia (ASFA) has appointed two new directors to its board, after having completed its annual board nomination and election process.
General manager of MLC Masterkey, Dean Thomas, and chief executive officer of Telstra Super, Martin Crowe, have joined the board as representatives of the retail sector and corporate funds respectively.
ASFA chief, Pauline Vamos, said the 10 board members reflected ASFA's five membership categories: industry funds, public sector, service providers, retail sector and corporate funds.
The new ASFA board is now comprised of the following members: Sunsuper chief Tony Lally and Cbus chief David Atkin, representing industry funds; Michael Dwyer - chief executive officer of First State Super and Brad Holzberger - chief executive officer of QSuper, representing the public sector; service providers Jim Minto (managing director of TAL Limited) and Peter Beck (Pillar Administration chief executive officer); Dean Thomas and Colonial First State Investments general manager strategy, Nicolette Rubinsztein representing the retail sector; and Martin Crowe and Harwood Superannuation Fund chief Roslyn Ramwell from corporate funds.
"ASFA will have significant challenges over the next 12 months dealing with Stronger Super implementation but also dealing with policy development issues around post-retirement and other economic and social policy issues," Vamos said.
"ASFA would also like to take this opportunity and to give very special thanks to board members that retired today - Jane Paskin of Clayton Utz and Janet Torney of QANTAS Superannuation," Vamos added.
Recommended for you
Superannuation funds are expanding their activities in the advice space and a leading recruitment firm has shared the typical salaries on offer with three funds namechecked for their attractive offerings.
The council has urged government to avoid shifting ballooning CSLR costs onto 12 million low- and middle-income Australians.
Australia's superannuation success had built a substantial pool of retirement capital but it has created liquidity challenges as the system has outgrown the domestic market for investment opportunities, writes BNY's Otto Vaeisaenen.
Australia's largest super fund has announced its new chief financial officer as the fund prepares for its next phase of growth.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
211.16 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
121.06 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Smarter Money Long-Short Credit Investor USD
68.96 3 y p.a(%)
