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 two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.