LGS CEO resigns
Local Government Super’s (LGS’) chief executive, Peter Lambert, has resigned after 10 years in the role.
LGA chair, Craig Peate, said Lambert had achieved significant growth and wide recognition of the fund’s leadership in responsible and sustainable investment.
“On behalf of the board I wish Peter all the best for his future endeavors,” Peate said.
Peate said the board had commenced recruitment to appoint a new chief executive.
Donna Heffernan has been appointed as acting CEO until the company found a permanent replacement.
“We are continuing to grow and perform well and have just achieved $10 billion in funds under management. With a stable and experienced team of senior executives in place the fund will continue to focus on delivering the best retirement outcomes for our members,” Peate said.
Recommended for you
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.
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
