Mavis Robertson, a leader and creator of the country's superannuation system died on Tuesday aged 84.
For more than 60 years Robertson spent her career pioneering the union movement and superannuation. She was also a prominent figure and advocate on women's issues and retirement, legislation changes helping women retirement outcomes, and benefits of international alliances.
"Mavis leaves an enduring legacy in superannuation," CEO of Australian Institute of Superannuation Trustees (AIST) Tom Garcia said.
"Many of the successful initiatives that have been borne out of the not-for-profit super sector are a direct result of her vision and passion," Cbus Cbus Super said that its own success was partly due to Robertson's commitment, passion, and vision she put forth in the industry.
"On behalf of the Cbus Board, I pass on our deepest condolences to Mavis' family and on behalf of fund members our most sincere thanks for her legacy which we will continue to defend," Cbus Chair Steve Bracks said.
Robertson was a founding member of the Conference of Major Super Funds (CMSF), AIST, Women in Super, the Australia Council of Super Investors (ACSI), and the Mother's Day Classic.
She is survived by her son, daughter-in-law, and two grandchildren.
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.