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Dwyer had over 30 years of experience in the financial services industry, including as chief executive officer of First State Super between 2004 and 2018. He was made a member of the Order of Australia in 2011 for service to the superannuation industry through leadership and executive roles, and to the community as a director of Australia for the United Nations High Commissioner for Refugees (UNHCR). Dwyer held a number of other directorships, including chair of NSW TCorp, director of Iress, and chair of Australia for UNHCR. He was also a member of the Australian Securities and Investments Co...

The House economics committee has further questioned the prudential regulator around the legality of an industry super fund allegedly using member funds to pay off remediation costs as a result of fee

Roc wins time as Vitalharvest vote delayed to June Save Share Roc Partners has won itself more time to lift its offer for Costa fruit orchard landlord Vitalharvest, after a meeting to vote on Macquarie’s latest revised offer for the trust was postponed until early June. A unitholder meeting to vote on Macquarie’s previously recommended takeover offer of $1.26 per unit or $348.1 million to purchase all the trust’s assets was meant to take place on Wednesday at 2pm. This was before Roc lobbed a $1.27 per unit offer – its seventh – or alternatively $350 million to buy al...

“We have conducted internal actuarial analysis of the retirement outcomes for home-owning versus non-homeowning retirees and referenced the different outcomes in our submission to the Retirement Income Review,” it said. “For this we used data about our members’ balances compared with the Association of Superannuation Funds of Australia (ASFA) Comfortable Standard for homeowners and non-homeowners.  “These models are regularly updated.”  “We conducted focus group surveys of members in 2016 to test, amongst other things, their interest in either equity release or reverse mortgag...

Shrinking superannuation numbers hit by COVID and consolidation Money by Anthony Keane Premium Content Subscriber only Seven out of 10 superannuation funds suffered a fall in member numbers last financial year, impacted by the COVID early release scheme and other government changes. But the super sector's biggest funds - including AustralianSuper, Aware Super and Hostplus - went from strength to strength, according to data from financial regulator APRA. Big funds suffered account closures too but they were offset by more members signing up. Sector leade...