Former BT Financial Group and Russell Investments staffer Gary Cox has been appointed chief operating officer of Pillar Administration.
Cox’s appointment was announced by Pillar chief executive Peter Beck this week, after he began duties with the administrator at the beginning of last week.
Cox has more than 20 years of experience in the financial services industry, with Beck saying he had led major organisational, cultural and structure change programs in companies including SunGard, BT Financial Group and Russell.
The Super Members Council has outlined a bold reform plan to boost productivity, lift retirement savings, and unlock super’s full potential.
Women beginning their careers in 2025 could retire with hundreds of thousands of dollars more in super due to the 12 per cent super guarantee rate, HESTA modelling shows.
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.