Former TAL chief executive, Jim Minto, has been named as the interim chief executive of the Association of Superannuation Funds of Australia (ASFA).
Minto, who was previously chairman of ASFA, has been confirmed in the interim role by ASFA independent chairman, Michael Easson.
He said Minto would become acting CEO from 16 July until the appointment of a permanent CEO.
Easson said the board intended to conclude its thorough selection process by announcing a new CEO on Monday 5th September.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.