Big building and construction industry fund CBus has beefed up its executive ranks with three senior appointments — two in the marketing and communications area and one related to investment strategy.
CBus chief executive David Atkin said the fund had appointed former AustralianSuper staffer David Constable as marketing manager, while Mark Ward had been appointed communications manager.
He said that former Frontier Investment Consulting staffer Tim Ridley had been appointed as investment strategy manager.
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.