Energy Super has announced its commitment to the International Electrical Apprenticeship Exchange Program (IEAEP), a program that provides a fourth year apprentice the opportunity to travel to and work in London for up to six weeks each alternate year.
The program is a joint venture between Electro Group Queensland and the Joint Industry Board (JIB) in London.
The sponsorship is part of an enhanced annual Energy Super sponsorship program to foster the next generation of the energy industry through various leadership, mentoring, career development, training and awards programs and events.
Energy Super CEO, Robyn Petrou, said the fund’s industry sponsorship program focused on fostering the next generation of electrical and energy contractors and an extension of the superannuation fund’s commitment to members and the industry.
Fourth year electrical apprentice Mitchell Murray was chosen to represent Electro Group in the UK later this month. He was chosen for his excellent college results, outstanding host reports, commitment to community work and overall character.
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.