POWERED BY MOMENTUM MEDIA
Whiteley steps down from ISA
Industry Super Australia (ISA) chief executive, David Whiteley, is stepping down to take up a new global position with IFM investors.
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.
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.24 3 y p.a(%)
4
Pengana High Conviction Equities B
40.36 3 y p.a(%)
5
Pengana High Conviction Equities A
40.34 3 y p.a(%)
