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Industry Fund Services (IFS) has appointed a new chief executive, Kay Thawley.
IFS chairman Sandy Grant announced today that Thawley would start in her new position on Monday, December 14.
He said Thawley would be bringing a wide range of experience to the role in Australia, the United Kingdom and the United States.
"That experience, along with some years of senior executive appointments and recent consulting experience, will enable her to add value to the existing management team in IFS and to the business they lead," Grant said.
Thawley had previously worked for Deloitte and National Australia Bank.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.