State Super Financial Services (SSFS) managing director Peter McKillop has announced his retirement, 20 years after founding the firm.
McKillop established SSFS in 1990 and led it to its current position of 45,000 clients and 270 employees across 15 offices, investing around $8.7 billion.
SSFS chairman Peeyush Gupta said that McKillop had built a great advisory firm on sound principles. “He has built the firm to ensure that the best interests of the client are always paramount,” he said.
SSFS has appointed Korn Ferry to assist the board in searching for a replacement for McKillop, who will stay on until a successor is appointed, the company announced.
Australians are losing millions weekly in unpaid super, yet payday super laws have not made it onto Parliament’s agenda.
First Nations Australians have faced systemic barriers accessing super, with rigid ID checks, poor service, and delays compounding inequality.
“Slow and steady” appears to be the Reserve Bank’s approach to monetary policy as the board continues to hold on to its wait-and-see method.
AFCA’s latest data has shown a decline in complaints relating to superannuation, but there is further work to be done, it has warned super funds.