The Association of Superannuation Funds of Australia (ASFA) has announced two additions to its board – BT Financial Group general manager, Superannuation, Melinda Howes and the Commonwealth Superannuation Corporation chief executive, Peter Carrigy-Ryan.
Announcing the appointments, ASFA independent chairman, Michael Easson said Howes would be a retail fund representative, while Carrigy-Ryan would be a public sector fund representative.
“Peter has more than 30 years’ experience in financial services and superannuation,” he said. “Melinda is an actuary whose career has spanned policy, strategy, consulting, product and sales work in superannuation, wealth management, insurance and not-for-profit entities.”
Howes and Carrigy-Ryan succeed Brad Holzberger and Dean Thomas who stood down at the end of their terms.
Four directors have been re-elected to the ASFA Board – public sector representative, Michael Dwyer, retail representative Linda Elkins and service provider representatives, Andrew Boal and Suzanne Holden.
The ASFA Board also confirmed Dr Michael Easson AM as its Independent chair.
Following the Annual General Meeting at the ASFA Conference, the ASFA Board is made up of the following directors:
Independent Chair
Industry funds
Public sector funds
Service providers
Retail funds
Corporate funds
In a Senate submission, the Financial Services Council said super funds should be able to nudge members on engaging with their super and has cautioned against default placements.
The Joint Associations Working Group, which counts FSC in its ranks, has issued an urgent warning to the government.
Senator Jane Hume will join the speaker lineup at the inaugural Australian Wealth Management Summit.
New research from ART has found less than a third of women feel their superannuation is in a good position, reiterating the importance of opening up the advice arena to super funds.
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