Greater transparency brought on by new regulatory requirements will lead to funds quickly realising the writing is on the wall to merge, but time might be running out for some, Togethr and Equipsuper's Andrew Fairley says.
Some of the foremost experts on good board governance met at the Australian Institute of Superannuation Trustees (AIST) offices in Melbourne answered six question aimed at teasing out best practice. Who is responsible for board culture? How do you build it, and fix it if it goes bad? The discussion broadly agreed that the chairman […]
Chairs of industry funds have reacted with pragmatism to the Government’s move to enforce one third of their boards to be independent and to have an independent chair. Many have already anticipated the change in legislation by hiring their first or second ever independent trustees with the explicit intention of filling skills on their board. […]
Equip’s newly created liability management role is part of a wider strategy, set by chair Andrew Fairley and implemented by chief executive Danielle Press, for the fund to meet its fiduciary duty by innovating. The role is the second new position within the superannuation industry to be created by the fund over the past […]