Pillar Administration has a new chief executive, following the departure of Peter Beck.
Beck confirmed his departure this week to pursue private business interests.
Super Review understands that Beck has been succeeded by former Pillar CEO, Peter Cormack, who returned to the administrator earlier this year.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
AustralianSuper, Rest, and HESTA agree on the need to retain and enhance the test, yet they differ in their perspectives on the specific areas that warrant further refinement.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
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