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.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.