Perpetual has lost its long-serving group executive for superannuation and investment solutions, Eric Wang.
The company announced that Wang had resigned effective from September 30.
It said Wang’s role would be filled by the group executive of operations, Matt Pancino, until a new group executive of superannuation and investment solutions was appointed.
Introducing reforms for strengthening simpler and faster claims handling and better servicing for First Nations members are critical priorities, according to the Super Members Council.
The Commonwealth Bank has warned that uncapped superannuation concessions may be “unsustainable” and has called for the introduction of a superannuation cap.
Superannuation funds have posted another year of strong returns, but this time, the gains weren’t powered solely by Silicon Valley.
Australia’s $4.1 trillion superannuation system is doing more than funding retirements – it’s quietly fuelling the nation’s productivity, lifting GDP, and adding thousands to workers’ pay packets, according to new analysis from the Association of Superannuation Funds of Australia (ASFA).