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Minto becomes interim ASFA CEO
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.
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The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25.
Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.
HESTA has delivered a 10.18 per cent return for its MySuper Balanced Growth option in the 2024–25 financial year, marking the third consecutive year of returns above 9 per cent for the $80 billion industry fund’s default investment strategy.
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