The Federal Government is understood to intend re-advertising for the position of chair of the Superannuation Complaints Tribunal (SCT), with the existing chair, Jocelyn Furlan, expected to continue in the role until March, next year.
Furlan has been acting in the role since her appointment expired earlier this year.
The Government has effectively extended her acting appointment a further six months while it recruits for the role.
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.