Elizabeth Bryan has announced she will step down from the position of chairman of UniSuper at the end of June, with current director and former Colonial First State chief executive Chris Cuffe set to take on the role.
Bryan joined UniSuper as a director in 2002, and was chair of the investment committee until her appointment to chairman in January 2007.
Chief executive Terry McCredden said Bryan had greatly assisted in steering the board and management of UniSuper through a variety of changes in both the superannuation industry and the fund itself.
Cuffe was also formerly chief executive of Challenger Financial Services Group, and is currently a director of a number of other organisations, including Centric Wealth, Third Link Investment Managers and Arkx Investment Management.
“Elizabeth’s contribution to UniSuper was immense and the Board wish her every success for the future. I am extremely honoured to be leading the Board of UniSuper,” said Cuffe.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.