The Financial Planning Association (FPA) has named the two independent directors who will be replacing the outgoing Kathryn Greiner and David Elsum.
Investment banker, Bruce Foy, and communications/marketing consultant, Rob Gerrand, will take up their new roles when the FPA board meets for the first time this year in February. Corinna Dieters, FPA chair, said the two independent directors were chosen because of the complementary skills they bring to the board. “FPA’s corporate governance and strategic management will be substantially strengthened by the combination of experience brought to us by Bruce and Rob,” Dieters said in a statement yesterday. However, the FPA has not released any details about its search for a new chief executive following the resignation of Kerrie Kelly, who is scheduled to finish up in March, six months shy of fulfilling her initial three-year contract. Kelly abandoned the FPA early to take up a position as executive director of the Insurance Council of Australia.
The biggest risk many super fund members face is not investment volatility but rather not accumulating enough to live on in retirement. Australian Retirement Trust head of investment strategy Andrew Fisher takes Investment Magazine behind the scenes of a migration that saw 1.4 million members moved to a higher-risk, higher-return investment strategy, designed to help them accumulate more at retirement.
Simon HoyleSeptember 12, 2024
