Australian Super's Ian Silk and ISA's Bernie Dean have backed the prudential regulator's heatmaps and reiterated their call to remove "dud" funds from the system. They joined REST and QSuper in a parliamentary inquiry.
The ex-Mine Super CIO has been appointed executive director of the Conexus Institute, a new think-tank that aims to disrupt, influence and become a catalyst for change in the Australian retirement sector.
APRA's deputy chair Helen Rowell said the regulator is ready to forcibly remove trustees of underperforming funds thanks to their long-awaited appraisal system that easily identifies who in the industry is falling short.
Next year is shaping up to be a busy one for mergers in the superannuation industry. QSuper’s potential tie-up with Sunsuper to create a $180 billion fund is said to be just one of a number of deals that will be announced in the next 12 months.