The outgoing chief executive of Media Super, Graeme Russell, has criticised the Coalition for waging a war on industry funds, but he is optimistic about the future of industry-specific and mid-size superannuation funds.
Superannuation funds have accepted far too many TPD claims without sufficient scrutiny over the last five years, delegates were told at the AIST Insurance Symposium in Sydney. Prominent personal injury lawyer, John Berrill, a principal at Maurice Blackburn Lawyers, spoke in a heated panel discussion, in which he defended the role of lawyers in TPD […]
The cost of Stronger Super compliance and product development has led Media Super to cut the role of chief investment officer. Jon Glass left the fund on Monday and the responsibility for the $3.8 billion investment portfolio will be assumed by chief executive Graeme Russell, who in his time at First Super also acted as […]
Industry funds are taking steps to appoint independent trustees ahead of any government decree forcing them to do so. In contrast to media reports that have depicted industry fund boards as fighting the Treasury proposal to have at least a third of their directors independent of employer or employee organisations, several funds are already changing […]