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.
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.