First State Super chief executive, Michael Dwyer has won Fund Executive Association Limited (FEAL) and AMP Capital's Fund Executive of the Year Award.
FEAL said Dwyer received the award for demonstrating exceptional leadership during the merger between First State Super and Health Super and for deploying an innovative post-merger business structure.
Dwyer was also commended for his work on the board of the UNHCR (United Nations High Commissioner for Refugees) and will receive an education grant of $20,000 to study at a recognised international business school.
Past winners of the FEAL award include chief executive of UniSuper, Terry McCredden in 2011, chief executive of AUSCOAL Super, Bruce Watson in 2010, and chief executive of AGEST until 2010, Michael Seton.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.