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AIST's new CEO focuses on sustainability of retirement

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By Samantha Hodge
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3 minute read

Garcia succeeds Reynolds as chief executive

The Australian Institute of Superannuation Trustees (AIST) has appointed a new chief executive following Fiona Reynolds' departure in January.

The board appointed ex-AIST executive manager of policy and research Tom Garcia to the chief executive role effective immediately.

Mr Garcia said he looks forward to working closely with staff, member funds and other industry stakeholders to ensure that superannuation policy outcomes were always in the best interests of members and the perspective of the not-for-profit sector was part of the debate. 

"As we've seen in the past few weeks, Australians are increasingly concerned about the future of their retirement savings and how policy changes affect them," Mr Garcia said.

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"In addition to implementing the Stronger Super reforms this year, the industry must focus on working together with government, regulators and other stakeholders to ensure that the policy settings of our retirement system are both sustainable and equitable over the long term."

Mr Garcia plans to meet with all AIST member funds in the near future to discuss their requirements and interactions with AIST's key member services, including advocacy, research, trustee and staff education.

"Tom has played a pivotal role in driving AIST's advocacy on the superannuation reforms, governance, adequacy and the many other issues affecting members of not-for-profit super funds," AIST president Cate Wood said.

"He has a deep understanding of the superannuation landscape and the board is confident he will build on the success of AIST as a vocal and influential peak body for Australia's $500 billion not-for-profit sector."

Ms Reynolds departed the chief executive role at AIST in January to accept the role of managing director of the London-based United Nations Principles of Responsible Investing (UNPRI).