The Australian Council of Super Investors (ACSI) has appointed Gerard Noonan as president, after serving for the past year as deputy president.
Noonan is also currently the chair of Media Super and president of the Australian Institute of Superannuation Trustees, and chairs Innovation Australia’s Venture Capital Committee.
Noonan’s place as deputy president will be taken by committee member Trish Donahue, who is also the executive manager of investments for Cbus, and was previously an actuarial analyst at Mercer.
The central bank has announced the official cash rate decision for its November monetary policy meeting.
Australia’s maturing superannuation system delivers higher balances, fewer duplicate accounts and growing female asset share, but gaps and adequacy challenges remain.
Global volatility and offshore exposure have driven super funds to build US-dollar liquidity buffers, a new BNY paper has found.
Less than two in five Australians are confident they will have sufficient assets to retire and almost three-quarters admit they need to pay greater attention to their balance, according to ART research.