Former TAL chief executive, Jim Minto, has been named as the interim chief executive of the Association of Superannuation Funds of Australia (ASFA).
Minto, who was previously chairman of ASFA, has been confirmed in the interim role by ASFA independent chairman, Michael Easson.
He said Minto would become acting CEO from 16 July until the appointment of a permanent CEO.
Easson said the board intended to conclude its thorough selection process by announcing a new CEO on Monday 5th September.
The proposed changes to the Low-Income Superannuation Tax Offset (LISTO) has been applauded by the superannuation sector.
The regulator plans to claim compensation from Equity Trustees after Macquarie’s payout to affected Shield investors.
Morningstar has found the Your Future, Your Super test delivering fewer failures, but warned against complacency as regulators review its design.
Super funds have recorded modest gains in September as global equity strength and an AI-driven rally lifted investment returns.