The SMSF Association announced board director Andrew Gale is the incoming chairman for the next two years. Vanguard’s Robin Bowerman will be the new deputy chair.
Mr Gale succeeds Mr Peter Crump, who has served in the position for the past two years and will remain on the board.
“It has been a rewarding time to be involved in initiatives such as the 2020 Vision strategy, our name change, which has certainly led to far greater public awareness of the association, and the move to more fully represent trustees,” said Mr Crump.
Mr Gale said he is committed to both building on SMSFA’s past achievements, and pursuing objectives such as supporting thought leadership, integrity and understanding of the SMSF sector.
“We will continue to stress the importance of a sustainable superannuation and retirement incomes sector that addresses adequacy and equity issues, encourages self-provision, to relieve pressure on future social security demands, and fulfils the core goal of providing for retirement incomes,” said Mr Gale.
“The broad government thrust for high professional standards will continue to get the association’s strong support while noting there are important implementation arrangements to be resolved,” he said.
“These professional standards are the bedrock on which the SMSF sector can continue to flourish.”