Pillar Administration has a new chief executive, following the departure of Peter Beck.
Beck confirmed his departure this week to pursue private business interests.
Super Review understands that Beck has been succeeded by former Pillar CEO, Peter Cormack, who returned to the administrator earlier this year.
Introducing a cooling off period in the process of switching super funds or moving money out of the sector could mitigate the potential loss to fraudulent behaviour, the outgoing ASIC Chair said.
Widespread member disengagement is having a detrimental impact on retirement confidence, AMP research has found.
Economists have warned inflation risks remain elevated even as the RBA signals policy is sitting near neutral after its latest hold.
Australia’s superannuation funds are becoming a defining force in shaping the nation’s capital markets, with the corporate watchdog warning that trustees now hold systemic importance on par with banks.