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 proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
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.