The chairman of industry fund AMIST, Kevin Cottrill has died.
AMIST chief executive, Murray Rutherford confirmed Cottrill’s passing today noting the contribution he had made to the fund over a number of years.
Cottrill had been an employer-nominated director of the fund for more than years and retired as chief executive of the Australian Mean Industry Council in September, this year.
He was formerly Managing Director and Company Secretary of MQF Pty Ltd and MQF (Queensland) Pty Ltd and Secretary of the MQF Pty Ltd Superannuation Fund.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
While some superannuation funds have gone down the route of internalisation, others say they favour ‘smart partnering’ with external managers for diversification appeal.
Add new comment