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Diversity on super boards most important
Ethnic and gender diversity are the top two greater requirements of super boards in a decade, according to a survey.
The survey conducted by BNP Paribas Securities Services and the Australian Institute of Superannuation Trustees (AIST) found other important themes include environment, social and governance issues, and responsible investing and environment considerations.
However, only 11 per cent of respondents believed they will have international directors on their boards by 2025, with 20 per cent saying they are uncertain. This is despite the fact that there is a natural progression towards increasing the need and appetite for overseas investment products.
The survey also found the top job in superannuation by the time-frame will be member relations, advice, and services.
Job growth is expected to be in line with the sector's anticipated growth of between $3.5 trillion and $4.5 trillion. The greatest need for people is expected to be for fund member/investor relations, financial planning, and services with 31 per cent of respondents predicting the greatest area of growth.
However, the survey found roles expected to decrease in 10 years were fund operations, back office, administration, and call centres.
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