Founder leaves SMSF Association

The inaugural chief executive and one of the founding members of the SMSF Association is leaving its board.

Andrea Slattery has announced she is stepping down from her role as a non-executive director on the SMSF Association board, effective April 18.

Slattery resigned from her role as managing director and chief executive in April 2017 and became a non-executive director of the association.

The SMSF Association said Slattery's decision to resign from the board is to focus on companies where she has been appointed non-executive director since stepping down from the association's executive team.

Slattery currently serves on the boards of AMP, Clean Energy Finance Corporation, Argo Global Listed Infrastructure, South Australian Cricket Association and Adelaide Oval Stadium Management Authority & Commercial Operations.

Slattery co-founded the association in 2003 when there was about 130,000 SMSFs with funds under management at $109 billion in Australia. Now, there are 596,000 funds in the sector and $755 billion in funds under management.

Slattery said: "From a starting position of where the SMSF sector's future was in question, we have overseen the emergence of the multi-skilled SMSF specialist to service the 1.1 million people who have opted to take personal control of their retirement savings, whether it be in the accumulation or pension phase."

"I am proud of what we have achieved, and leave the organisation knowing it is well positioned for its next growth phase."

SMSF Association chair Deborah Ralston thanked Slattery for her drive a and commitment over the last 16 years, saying: "We will not only sorely miss her experience, knowledge and breadth of industry and government relationships, but the unbounded enthusiasm and energy she brought to the task, whether it was as the chief executive or non-executive director."

"The fact every major inquiry into superannuation, starting with the Cooper Review in 2010, has largely given the SMSF sector a clean bill of health is a testimony to what she helped achieve over this period."

Read more: SMSF AssociationAustraliaAndrea SlatteryAdelaide Oval Stadium Management AuthorityArgo Global Listed InfrastructureClean Energy Finance CorporationCommercial OperationsCooper ReviewDeborah RalstonSlattery forSouth Australian Cricket Association
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