HOSTPLUS chief executive David Elia has been elected to the board of the Association of Superannuation Funds of Australia (ASFA) to represent industry funds.
The election took place at ASFA's annual general meeting last week.
ASFA chief executive Pauline Vamos said departing board member and Cbus chief executive David Atkin had made an invaluable contribution.
"The board has greatly benefitted from his leadership, particularly during this historic time of reform," Vamos said.
Sunsuper chief executive Tony Lally was re-elected to the chair of the ASFA board for another 12 months at the board meeting that followed.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.