Energy Super has announced its commitment to the International Electrical Apprenticeship Exchange Program (IEAEP), a program that provides a fourth year apprentice the opportunity to travel to and work in London for up to six weeks each alternate year.
The program is a joint venture between Electro Group Queensland and the Joint Industry Board (JIB) in London.
The sponsorship is part of an enhanced annual Energy Super sponsorship program to foster the next generation of the energy industry through various leadership, mentoring, career development, training and awards programs and events.
Energy Super CEO, Robyn Petrou, said the fund’s industry sponsorship program focused on fostering the next generation of electrical and energy contractors and an extension of the superannuation fund’s commitment to members and the industry.
Fourth year electrical apprentice Mitchell Murray was chosen to represent Electro Group in the UK later this month. He was chosen for his excellent college results, outstanding host reports, commitment to community work and overall character.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.