The chief executive of First State Super, Michael Dwyer has been awarded an Industry Lifetime Achievement Award by Super Review.
Dwyer, who will retire as First State’s CEO in November received his award during the Super Review Super Fund of the Year Awards in Melbourne.
Dwyer was honoured with the award owed to his contribution to the superannuation industry not only as fund chief executive but also as a director of the Association of Superannuation Funds of Australia (ASFA) and as the inaugural chairman of the Fund Executives Association Limited (FEAL).
He will be succeeded as CEO of First State Super by former MetLife Australia chief executive, Deanne Stewart.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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