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Super fund adds first operations lead
JAMIE WILLIAMSON  |  THURSDAY, 23 JAN 2020
The longstanding operations lead at a major superannuation fund has resigned, taking on a newly created executive role at a much smaller industry fund. UniSuper's general manager, operations Steven Leach departed the fund this month after almost ...
MLC Life chief steps down
JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
The chief executive and managing director of MLC Life has left the business and an interim replacement has been appointed. David Hackett has left MLC Life after almost four years in the top job. He has been replaced by chief of group and retail partners ...
AustralianSuper ups admin fees
JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
AustralianSuper will introduce a new fee for MySuper members from April 2020 to offset the impact of the Protecting Your Super changes. Effective April 1, AustralianSuper's members will start paying the 'Administration fee - Protecting Your ...
Investment Leadership Awards finalists revealed
JAMIE WILLIAMSON  |  WEDNESDAY, 22 JAN 2020
The shortlist for the Financial Standard Investment Leadership Awards 2020 has been unveiled, recognising outstanding investment talent across major asset classes. Now in their third year, the annual Financial Standard Investment Leadership Awards are ...
Industry fund names new investment chief
JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
A $6 billion industry super fund will welcome a new investment lead following the resignation of its chief investment officer. Former LUCRF Super head of investment strategy Michael McQueen will now lead investments for Media Super following the resignation ...
AMP remediation processes questionable
JAMIE WILLIAMSON  |  TUESDAY, 21 JAN 2020
AMP has responded to reports it is refunding fees charged to members into new AMP superannuation accounts opened without customers' knowledge or consent. Following a report by the ABC , AMP has confirmed it is depositing refunds owed to former customers ...
Industry fund chair retires
JAMIE WILLIAMSON  |  MONDAY, 20 JAN 2020
A $5.3 billion industry superannuation fund has appointed a new chair as the incumbent bows out after almost two decades on the board. Following an extensive search, Prime Super has appointed Nigel Alexander as chair. He replaces Alan Bowman who held ...
Job boom expected in 2020
JAMIE WILLIAMSON  |  MONDAY, 20 JAN 2020
Close to a third of wealth management organisations are looking to boost staff numbers this year, with sales roles expected to be most in demand. According to new figures from Super Recruiters, 32% of wealth management organisations expect to hire more ...
HESTA names chief risk officer
JAMIE WILLIAMSON  |  THURSDAY, 16 JAN 2020
The $53 billion superannuation fund has added its first chief risk and compliance officer, promoting from within. HESTA has announced the creation of a dedicated risk and compliance role on its executive leadership team, promoting Andrew Major to the ...
Super fund rebrands
JAMIE WILLIAMSON  |  TUESDAY, 14 JAN 2020
Following numerous cases of mistaken identity, a $2 billion industry superannuation fund has rebranded. EISS Super, or the Electricity Industry Superannuation Scheme, has changed its name to ElectricSuper. "We're still the same fund, offering great ...
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