POWERED BY MOMENTUM MEDIA
Industry advice group established for super complaints
The Superannuation Complaints Tribunal has established the SCT Advisory Council to strengthen the SCT's governance.
It brings together eight industry representatives from across the superannuation industry to provide strategic advice and stakeholder feedback to SCT chairperson Jocelyn Furlan, with regards to accessibility, independence, fairness, accountability, efficiency and the tribunal's effectiveness.
Neil Cochrane has stepped into the role of independent chairperson. He was former REST Industry Super chief executive and chairman of Commonwealth Bank Group Super, the Fund Executives' Association Limited, and Colonial First State Global Asset Management infrastructure and property advisory groups.
HESTA chief executive Anne-Marie Corboy will represent the industry super community while First State Super chief executive Michael Dwyer will represent public sector superannuation funds.
Mark Cerche, chair of the Corporate Superannuation Association and member of both the Executive of the Legal Practice section and the Superannuation section of the Law Councils of Australia, will represent the corporate super community.
Dr Brendan French, general manager of CBA Group's customer relations for the Commonwealth Bank Group, will represent retail super funds.
TAL group chief executive and managing director Jim Minto will be on hand to give an insurers point of view, with Commonwealth ombudsman Colin Neave completing the lineup.
The Federal Budget allocated $2.6 million to the SCT over four years, mainly to deal with a backlog of complaints. The funding will be paid for by an increase in the levy paid by Australian Prudential Regulation Authority-regulated funds.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The Super Members Council has outlined a bold reform plan to boost productivity, lift retirement savings, and unlock super’s full potential.
Women beginning their careers in 2025 could retire with hundreds of thousands of dollars more in super due to the 12 per cent super guarantee rate, HESTA modelling shows.
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
