Stronger Super
Scathing in his assessment of the representative trustee model is Ian Field, a former chair of the MTAA Super fund, who believes only directors with investment experience should be allowed on boards, particulalry where major direct deals are concerned.
SunSuper has awarded its $160 million-per-year group insurance contract to AIA Australia, but jilted incumbent, Suncorp Life, has shrugged off the end of the 23-year marriage by saying the impact to its overall business will be less than 2 per cent.
