CareSuper director and former chair dies


CareSuper director and former chairman of the board Michael O'Sullivan has died after more than 16 years with the superannuation fund.
"Michael will be remembered for his dedication to achieving positive outcomes for members, his wise and measured contribution and his integrity," CareSuper said.
O'Sullivan was nominated to the CareSuper board by the Australian Services Union (ASU) in 1996 and served as the chairman from 2006 until March 2012.
He was the inaugural president of the Australian Council of Superannuation Investors, manning the post for a decade until 2011.
Additionally, O'Sullivan also served on both the world and Asia-Pacific executives of the Union Network International.
Recommended for you
AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions.
Unveiling its performance for the calendar year 2024, AMP has noted a “careful” investment in bitcoin futures proved beneficial for its superannuation members.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024, finding the year achieved “strong and consistent positive” returns.
The second tranche of DBFO reforms has received strong support from superannuation funds and insurers, with a new class of advisers aimed to support Australians with their retirement planning.