LUCRF Super deputy chairman John Carlile and Australian Catholic Superannuation and Retirement fund deputy chief executive Sam Hallab have been awarded the Australian Institute of Superannuation Trustees (AIST) and Tyndall Suncorp Investment Management 2010 educational scholarships, valued at $10,000 each.
The scholarships are for a trustee director and a fund staff member of AIST to complete superannuation-related educational courses.
Carlile, who has been a trustee director with LUCRF for 15 years, said he plans to attend an international corporate governance course in Paris next May.
“With industry funds increasingly investing overseas, it’s really important that we have a greater understanding of the governance standards and attitudes in other parts of the world, not just Australia, where we take our high level of governance for granted,” he said.
Hallab plans to attend a Harvard Business School course on the performance measurement of not-for-profit organisations.
“This course is a wonderful opportunity to look at ways to improve the effectiveness of not-for-profit organisations in both good and difficult times,” he said.
James Nguyen, investment specialist and account manager with Tyndall Suncorp Investment Management, said the scholarships served a valuable role in raising professional standards and furthering knowledge in the financial services sector.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
The super fund has urged reform of the superannuation performance test to support investment in housing, clean energy, and emerging local industries.
Morningstar expects the Reserve Bank will still make around three cuts in this cycle, bringing the cash rate to a neutral level of around 3 per cent.
Economists have tipped inflation to ease further, but any upside surprise in the June quarter CPI could derail the Reserve Bank’s plans.