REST Industry Super chief executive, Damian Hill, won the AMP Capital and Fund Executive Association Limited's (FEAL) FEAL Fund Executive of the Year award on Wednesday.
AMP capital head of institutional business, John Meagher, said the award recognises the work of outstanding leaders in the Australian superannuation industry.
"Damian epitomises what it means to be a true leader. He has taken REST from strength to strength and also contributed to the industry's development through his participation in many working groups and consultation committees, with a particular focus on legislative changes to superannuation and disclosure to superannuation members," Meagher said.
Commenting on the win FEAL chief executive, Joanna Davison, said Hill's passion for improving member mental health and wellbeing as Chairman of mental health foundation SuperFriend is another sign of his commitment and dedication.
Hill has more than 25 years of experience in the superannuation and life insurance industries and joined REST in 1999 and became CEO in 2006. As part of his prize, Hill receives a $20,000 executive education grant to be used at one of the world's most renowned business schools.
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.