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The Australian Catholic Superannuation & Retirement Fund has appointed Richard Haddock as its next chairman effective 1 July 2010, replacing Kelvin Canavan after three years in the role.
Haddock spent a large part of his career with BNP Paribas, eventually filling the role of deputy general manager of the Australian operation, after beginning his career as a lawyer with Blake Dawson Waldron.
Haddock is currently chairman of Commonwealth Managed Investments and CatholicCare, and serves as a director of Tishman Speyer Australia and Retirement Villages Group. He is also honorary treasurer and a national director of Caritas Australia.
He has served as chairman of Cashcard Australia and Macarthur Cook, and as director of AXA Insurance and Auspace Colonial First State Private Capital.
He is a fellow of the Financial Services Institute of Australasia, fellow of the Australian Institute of Company Directors, fellow of the Australian Institute of Management, member of the Commercial Law Association and Member of the Law Society of NSW.
The Your Future, Your Super scheme and RG 97 may be directing capital away from more productive uses and discouraging active investment strategies, says the independent MP.
SuperRatings has shared the top 10 balanced options of the last financial year.
Rest Super remains “fully committed” to equities, even as it anticipates higher market volatility than experienced in previous decades.
Australian superannuation funds have again generated strong returns for FY25, with the median growth fund returning 10.5 per cent for the year, according to Chant West.