In a statement, Sunsuper said Ms Williams was selected by an “independent, national recruitment search” by the Chamber of Commerce and Industry Queensland to replace Theresa Moltoni as one of the chamber’s three appointments to the fund’s board.
Sunsuper chair Andrew Fraser said the appointment will support the fund’s growth, citing Ms Williams’ more than 25 years of experience as a benefit to the fund.
“Ms Williams’ appointment will complement the diverse and significant pool of talent that already sits on the Sunsuper board,” Mr Fraser said
Ms Williams has previously held positions with NAB, Bank of Melbourne, and Food and Wine Victoria, and has also worked in the wealth sector in the UK.
Sunsuper was also named on Monday as one of the businesses to front the royal commission in August as part of the fifth round of public hearings.
Here’s hoping that the Director from CHOICE might step down next. Sunsuper is increasingly becoming adviser friendly and so congratulations to them for this move. It would be interesting to hear the new Directors thoughts on working with external advisers.
Interesting to see the language of industry funds changing from “for members only” to “profit for members” guess they are a bit worried about whats coming in the RC. Glad to see them come under the same rules and regulations as everyone else with the same disclosures and watch cost raise when they have to jump through the same hoops. They say their advisers never receive commissions but I wonder if the Funds still receive them???
I know Industry Fund Advisers are measured on number of plans to complete per year which of course have $$$ figures attached to them just like any other planner or Business everyone has KPI’s. I bet they still received commissions from the insurance companies too Sunsuper gets them from AIA who underwrites the insurance. The Advisers I’m sure have insurance “protection targets” which come under different advice targets sorry I mean SOA targets. but Industry funds sell themselves as being salaried only….
Industry funds are all just crying poor because they are losing their guaranteed loop hole which forced people to be in their Industry funds. I have been in the game for a long time and have 100 of clients that were not happy with their industry fund but I could never offer an other option to them as their industry fund was apart of their award and they would end up with two funds which was never a good option.
Can’t wait for the truth to really come out on these funds..
i would say they meet the insurance targets simply by the fact that its a default in most of the industry super funds.