The SMSF Association, which represents the $750 billion self-managed superannuation fund industry, has appointed Robin Bowerman as its new chair, replacing Dr Deborah Ralston who has joined the Review of the Retirement Income System.
Bowerman is head of corporate affairs at Vanguard Investments and has been vice chair of the Association for the past three years. Andrew Hamilton will take over as vice chair.
Ralston resigned from her chair position at the end of September following her appointment to the three-strong Review of the Retirement Income System panel, which was announced by Treasurer Josh Frydenberg.
Bowerman said: “I am very honoured that my fellow directors have asked me to succeed Deborah as chair. Although we are all greatly disappointed at losing Deborah before the end of her term, we totally appreciate why she has chosen to resign and wish her all the best in this new important role.
“She has provided the association with sound leadership at a difficult time for the industry, and I know I speak for all members when I say her contribution has been greatly valued.”
Ralston said: “It has been a privilege to work with my fellow directors, the executive, and the members, all of whom are dedicated to ensuring Australians enjoy a secure retirement.”