The Australian Council of Super Investors (ACSI) has appointed Gerard Noonan as president, after serving for the past year as deputy president.
Noonan is also currently the chair of Media Super and president of the Australian Institute of Superannuation Trustees, and chairs Innovation Australia’s Venture Capital Committee.
Noonan’s place as deputy president will be taken by committee member Trish Donahue, who is also the executive manager of investments for Cbus, and was previously an actuarial analyst at Mercer.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.