John Brumby named MTAA chairman
Former Victorian Premier John Brumby will be the chairman of MTAA Super from 4 April, replacing the interim chairman David Lloyd QC, who has been in the role since September.
MTAA chief executive and secretary John Delaney said Brumby’s credentials as a leader and administrator made him an excellent choice for the role.
Brumby’s experience with major infrastructure projects and knowledge of industry policy, governance principles, and reforms affecting the superannuation sector would also benefit members, Delaney said.
As Victorian Treasurer, prior to his term as Premier, Brumby led the development of a national approach to public/private partnerships which resulted in projects such as the Melbourne Convention Centre, EastLink and the new Childrens’ Hospital, MTAA stated.
“I can assure MTAA Super, its members and all staff that I will devote the same energy and diligence that I provided during my government career to ensuring that MTAA Super is one of the very best industry funds,” Brumby said.
Recommended for you
The Actuaries Institute has released a framework to help super funds deliver affordable guidance and advice to millions approaching retirement.
Labor’s finance minister has dismissed claims the government directs super fund investments after questions over Australia’s new US deal.
Australia’s average superannuation balance has climbed to a record high, with women’s savings share rising and reliance on the age pension falling.
APRA has softened several governance reform proposals following extensive consultation with banks, insurers, and super funds across Australia.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
