Australian Institute of Superannuation Trustees (AIST) chief executive Fiona Reynolds will leave her role with the industry body to take up a new role as managing director of the United Nations Principles for Responsible Investing (UNPRI) in London.
Reynolds has long been involved with the UNPRI through her role with AIST and as a committee member for the Australian Council of Superannuation Investors (ACSI).
Reynolds was appointed after responding to the UNPRI's global search for suitable candidates.
The Financial Services Council (FSC) has congratulated Reynolds on what FSC chief executive John Brogden said was a recognition of her skills and talents.
"Fiona's appointment is also recognition of the significance of Australia's superannuation system on the world stage," he said.
"I know Fiona will continue to be an advocate for our superannuation system in her new role.
"FSC looks forward to building on our strong relationship with AIST under her successor," Brogden said.
Reynolds will leave Australia in January to take up the new position in February.
AIST is currently looking for a replacement.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.