The Association of Superannuation Funds of Australia (ASFA) is now in the hands of interim chief executive, Jim Minto, with Pauline Vamos having signed off from the role on Friday, last week.
ASFA independent chairman, Michael Easson, confirmed that Friday had been Vamos' last day with the organisation, although it was understood she would continue to have some involvement in the planning of the organisation's annual conference.
Minto, the former chief executive of major insurer, TAL, was announced as the interim ASFA CEO earlier this month.
ASFA is yet to announce the name of Vamos' full-time successor, although a search process has been underway since she announced her intended resignation in March, this year.
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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