Several members of the superannuation industry have been recognised in the Australia Day 2024 Honours List.
The Governor-General last week unveiled the Australia Day 2024 Honours List, recognising 1,042 Australians for achievements in the Order of Australia (general and military divisions), meritorious contributions, and distinguished and conspicuous service.
The honours list featured several distinguished members from the superannuation industry, including:
Announcing the list on Friday, the Governor-General said: “Congratulations to the outstanding Australians recognised in today’s Honours List. Recipients have made a difference and had an impact at the local, national and/or international level. Individually, they are inspiring and collectively, they speak to the strength of our communities.
“Recipients come from all parts of the country. They have served and had an impact in just about every field you can imagine; their stories and backgrounds are diverse. We value their service, thank them for their hard work and selflessness and, today, celebrate them.
“To each recipient: know that you have the thanks and respect of your nation. In my experience, most are humble and often try to deflect attention or praise – please enjoy the moment because your country has decided that you deserve recognition.
“To all Australians: our honours system belongs to all of us and the Order of Australia must reflect who we are. We can all nominate someone we admire and respect for recognition. Please consider doing so.”
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.