Auscoal Superannuation strategic project manager, Col McGuinness is to leave his position at the fund early next month.
McGuinness, who has been with Auscoal for more than six years, confirmed his departure to Super Review this week saying that after a number of years of travel to and from the Warners Bay-based position it was time for a change.
McGuiness has a long track-record in the superannuation industry having been chief executive at NGS Super for four years prior to joining Auscoal and having worked within both AMIST and Primary Super.
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.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.