The SMSF Association has announced that former Managing Director and CEO Andrea Slattery is stepping down from the Association’s Board.
Slattery has been serving as a non-executive director since resigning as MD and CEO in April 2017, and will step down from the Board effective from 18 April.
“Her decision to resign from the board is to focus on the companies where she has been appointed a non-executive director since leaving the Association’s Executive,” said the SMSF Association. Slattery is a non-executive director of AMP, amongst other roles.
“Slattery, who was the inaugural CEO and one of the founding members of the Association, leaves an enormous legacy after 16 years of commitment to the organisation and its goal of leading the professionalism, integrity and sustainability of the SMSF sector.”
“When she co-founded the Association in 2003, there were about 130,000 SMSFs and funds under management (FUM) stood at $109 billion. Today, it is the largest superannuation sector in terms of FUM ($755 billion), has about 1.1 million members, boasts 596,000 funds, and the Association is recognised as the pre-eminent voice in the SMSF space by government, regulators and the industry.”
Slattery said working to build the Association with its staff and members had been a rare privilege.
“From a starting position of where the SMSF sector’s future was in question, we have overseen the emergence of the multi-skilled SMSF specialist to service the 1.1 million people who have opted to take personal control of their retirement savings, whether it be in the accumulation or pension phase. I am proud of what we have achieved, and leave the organisation knowing it is well positioned for its next growth phase,” Slattery said.
SMSF Association Chair Professor Deborah Ralston said the Association, and the whole SMSF sector, owed Slattery an enormous debt of gratitude.
“We will not only sorely miss her experience, knowledge and breadth of industry and government relationships, but the unbounded enthusiasm and energy she brought to the task, whether it was as the CEO or non-executive director,” Ralston said.
“The fact every major inquiry into superannuation, starting with the Cooper Review in 2010, has largely given the SMSF sector a clean bill of health is a testimony to what she helped achieve over this period.”