The chief executive of First State Super, Michael Dwyer has been awarded an Industry Lifetime Achievement Award by Super Review.
Dwyer, who will retire as First State’s CEO in November received his award during the Super Review Super Fund of the Year Awards in Melbourne.
Dwyer was honoured with the award owed to his contribution to the superannuation industry not only as fund chief executive but also as a director of the Association of Superannuation Funds of Australia (ASFA) and as the inaugural chairman of the Fund Executives Association Limited (FEAL).
He will be succeeded as CEO of First State Super by former MetLife Australia chief executive, Deanne Stewart.
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
Add new comment