Big West Australian super fund, Westscheme has a new chair, with the appointment of Eva Skira to succeed Paul Schapper in the role.
Skira, who has a background in banking and capital markets has been a stockbroker and has held positions at the Commonwealth Bank. She is deputy chancellor of Murdoch University.
Schapper’s retirement is consistent with the terms of the Westscheme constitution. He has served on the industry fund’s board since May 1998.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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