POWERED BY MOMENTUM MEDIA
Maroney to step down as SMSF Association CEO
The SMSF Association has announced the appointment of Peter Burgess to chief executive following John Maroney’s decision to step down.
Maroney had been CEO since May 2017, deciding to step down and take some time off to explore future opportunities.
Burgess was deputy CEO and director of policy and education and would take over as CEO from March 2023.
SMSF Association chairman, Scott Hay-Bartlem, said: “We are extremely fortunate to have someone of Peter’s calibre to succeed John. His knowledge of the sector is legendary, with his annual ‘legs and regs’ address to the National Conference always compulsory listening.
“I am certain the members will welcome Peter’s appointment as someone who is totally committed to the SMSF sector and very understanding of the issues they face in running their businesses.
“Since John’s appointment in 2017, he has had the onerous responsibility of guiding the Association and its members through exciting and challenging times, particularly the dynamic regulatory environment and handling the enormous impact of the COVID pandemic.
“I know I speak for the board and all members when I say John has performed admirably in very difficult circumstances, and that the strong position in which we find ourselves, is, in no small part, due to his leadership.”
Maroney said: “As the association approaches its 20-year anniversary in 2023, it remains recognised as the pre-eminent organisation in the SMSF sector by government, policymakers, regulators, educators, and the industry. We have also been a driving force in building collaboration across the financial sector.
“Having weathered the COVID storm and returned to hosting large, physical events, including the National Conference in April and Technical Summit this week, 2023 is the ideal time to hand over to Peter for the next growth phase of the sector and Association.”
Burgess would bring more than 20 years of industry experience to the position, including three years as the association’s technical director before joining the SMSF administrator SuperConcepts in 2013 as general manager, technical services and education.
Burgess said: “I am thrilled to be offered the position of CEO of the pre-eminent body in the SMSF sector. I am passionate about the SMSF Association, and the work we do to uphold the integrity and sustainability of the SMSF sector.
“But most of all I am passionate about our members and helping them to provide the best SMSF advice they can. They are rightfully considered experts in this field and ensuring they have all the necessary skills and education to remain the elite advisers will be my priority. I look forward to working with the Board and members to achieve this outcome.”
Recommended for you
A recent NSW Supreme Court decision is an important reminder that while super funds may be subject to restrictive superannuation and tax laws, in essence they are still a trust and subject to equitable and common law claims, says a legal expert.
New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
The SMSF Association has made a number of policy recommendations for the superannuation sector in its pre-budget submission to the government.
ASIC has sentenced former director Mudasir Mohammed Naseeruddin over four years imprisonment for ‘egregious conduct’ and dishonestly obtaining client funds from six investors’ SMSF accounts.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment