Former MP Bernie Ripoll is joining the SMSF Association Board, effective immediately, the Association has announced.
Ripoll is known for his work on the financial services industry. He Chaired the Parliamentary Inquiry into financial products and services in Australia – which is sometimes called the Ripoll Report.
Ripoll will replace Cath Mulcare, who is stepping down after being on the Board since June 2015.
SMSF Association Chair Dr Deborah Ralston said it was gratifying that someone of Ripoll’s calibre had agreed to join the Board.
“His knowledge and insights from the broader advice and superannuation sectors have made a valuable contribution to our discussions. I am certain the skills, relationships and experiences he brings to the table will prove invaluable as superannuation and financial services policy continues to evolve.”
Following the announcement of his appointment, Ripoll said: “I am delighted to have been asked to join the board. I have always had a deep interest in superannuation and financial services, which is why I took the opportunity to serve on the Public Policy Committee, and now look forward to having a bigger role in the Association by being a board member.”
Ripoll joined the Association’s Public Policy Committee in January 2018.
SMSF Association Chair Dr Deborah Ralston has indicated there would soon be additional Board appointments, following a call for expressions of interest from members.
“We have been delighted with the quality of the candidates,” Ralson said.
Ralston also paid tribute to Mulcare’s contribution to the Association.
“Cath’s knowledge and experience in these critical areas gave the Association a vital resource on which it could draw at the very time it was needed.”
Mulcare said: “It’s been a privilege to serve on the Association’s board. It has a genuine commitment to professionalism, understanding that cultivating the highest possible ethical and educational standards for its advisor members is the best way to serve the 1.1 million people who opt to take control of their own retirement income strategies.”
The SMSF Association recently announced that former Managing Director and CEO Andrea Slattery was stepping down from the Board.