VicSuper chief executive, Michael Dundon, has won the Fund Executive Association Limited (FEAL) Fund Executive of the Year award.
The award recognised a fund executive who has made a substantial contribution to their employer and the superannuation industry, with candidates judged on innovation, leadership, exceeding expectations, demonstrated strategic planning, and contribution to the market place.
Dundon received the award for managing VicSuper to a period of strong growth. The fund manages $16 billion on behalf of 240,000 members and around 25,000 participating employers.
FEAL chief executive, Joanna Davison, said: "Michael's leadership of VicSuper stood out for us as an excellent example of solid and innovative management, delivered with diplomacy and with an emphasis on the continued development of his team. We were impressed with Michael's focus on the needs and interests of members as evidenced by the delivery of an expanded product range to members of VicSuper.
Dundon has been the chief executive of VicSuper since 2011. Before this, he was the chief executive of ESSSuper and was also the general manager, finance at TRUenergy Australia.
He has experience in banking, funds management, life insurance, consumer lending, and utilities organisations within Australia and South East Asia.
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.