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David Elia
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Hostplus has handed its recently-appointed national market programs manager, Wayne Sullivan, a promotion, elevating him to the role of executive manager, marketing.
The role upgrade has been announced by Hostplus chief executive David Elia, who said it reflected Sullivan’s strategic contributions since joining the fund.
Sullivan replaces Umberto Mecchi in the role and will assume his new responsibilities in early March.
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.