The Association of Superannuation Funds of Australia (ASFA) chief Philippa Smith has resigned after nine years at the helm.
Smith announced today that she will now be seeking new challenges in the next stage of her career. She will remain as chief until the middle of the year. ASFA will shortly begin its search for her replacement.
"I am immensely proud of what I and the team at ASFA have achieved in the past nine years, both in terms of influencing superannuation policy, and raising Australians' awareness of retirement savings issues," Smith said.
During her time with the association, Smith saw the introduction of the superannuation co-contribution, the removal of the super surcharge and most recently, the simpler super tax changes introduced in last year's budget.
Under Philippa's direction, ASFA raised community awareness of the major issues, and lobbied successfully to gain improvements to the adequacy of retirement savings," ASFA chair Rosemary Vilgan said.
ASFA director of policy and research Michaela Anderson has also announced her retirement from the industry body. There will also be a succession plan in place to ensure an appropriate person is found for the job.
