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ISA chair Peter Collins said that Whiteley had turned the organisation into the most effective advocate in financial services in the country during his 12 years at the mantle.
“Under David’s stewardship, ISA has developed into what is indisputably the best policy, lobbying and campaign organisation in our industry, perhaps the best in any industry.
“His leadership and unrelenting focus on good public policy has made life better for millions of Australians,” Collins said.
Collins pointed to the extensive campaigns Whiteley oversaw as proof of his impact.
“ISA led the campaign to retain the Low Income Super Contribution (LISC) while David and his team successfully saw off attempts to diminish the governance of industry super funds and make them more like banks.
"David led trade delegations overseas which helped globalise industry super funds investments and oversaw the award winning ‘Compare the Pair’ marketing campaign showcasing industry super funds’ outperformance.
“This helped Australians understand how their superannuation returns can significantly impact their final nest egg and the increased membership and scale that comes from it has allowed industry super funds to deliver the best possible member returns.”
Whiteley would take up his new role in September.
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.