The Association of Superannuation Funds of Australia (ASFA) has postponed its conference to 3 to 5 February, 2021.
The ASFA Conference was due to be held in November 2020 in Brisbane but has been moved due to the increasing COVID-19 cases in Victoria and the “unfolding situation” in New South Wales, an announcement said.
The conference would still be held at the Brisbane Convention and Exhibition Centre.
“We think it is critical for the industry to come together in a physical environment to reflect on the challenges of the year past and refocus on bettering outcomes for our members,” ASFA said.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.