AV Super founding trustee director Tom Grant has announced his retirement from the fund after 20 years of service.
Grant supported many of the fund's early milestones, including AV Super being the first fund to get its RSE license and becoming a public offer fund, and also the first fund to offer intra-fund advice, AV Super said.
Grant also supported a number of fund initiatives that are now part and parcel of most funds operations, including implementing member investment choice, post-retirement products and developing a far-reaching insurance offer.
Under Grant's leadership the fund was also able to gain full funding from the Government for members transferring from CSS and establish divisions for accumulation and retained members, following the closure of its defined benefit scheme to new members.
Grant will finish in his position in January 2013, when the fund plans to implement the MySuper offer it has been developing in conjunction with the Australian Prudential Regulation Authority.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
Add new comment