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Founding trustee director leaves AV Super
AV Super founding trustee director Tom Grant has announced his retirement from the fund after 20 years of service.
Grant supported many of the fund's early milestones, including AV Super being the first fund to get its RSE license and becoming a public offer fund, and also the first fund to offer intra-fund advice, AV Super said.
Grant also supported a number of fund initiatives that are now part and parcel of most funds operations, including implementing member investment choice, post-retirement products and developing a far-reaching insurance offer.
Under Grant's leadership the fund was also able to gain full funding from the Government for members transferring from CSS and establish divisions for accumulation and retained members, following the closure of its defined benefit scheme to new members.
Grant will finish in his position in January 2013, when the fund plans to implement the MySuper offer it has been developing in conjunction with the Australian Prudential Regulation Authority.
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