The ASIC report into death benefit claims revealing the devastating impact of poor industry practices on grieving Australians has again highlighted the pressing need for change. While some funds have taken up the cudgels, others are still playing hardball on improving their service offering.
A Retirement Income Covenant obligation notwithstanding, there is still a paucity of these complex products on offer. The Advice Through Superannuation draft legislation might offer a way forward.
Care Super recruits new CIO from Equip
(Pictured: Greg Nolan)
Care Super has recruited a new CIO to replace the long-standing incumbent, Greg Nolan, who has decided to move to a part-time role with the $8 billion industry fund. Care Super chief executive, Julie Lander, is also expected to announce some other new appointments soon.
Suzanne Branton, a senior portfolio manager at Equipsuper and former investment strategist at Goldman Sachs JB Were Asset Management, is the new Care Super CIO, starting this month.
Nolan announced his intention to move to a part-time role several months ago. He said he would be working on specific investment projects for Care Super in the future.
Lander said last year that she was pleased for Greg and looked forward to building the resources of the fund with an additional appointment. She said last week that she would be making additional announcements soon.
