ASFA announces redundancies

The Association of Superannuation Funds of Australia is to part company with its deputy chief executive, Glen McCrea and three other staffers as part of an organisational restructure.

ASFA has told member organisations that the departures have been prompted by changes to its policy, membership and executive assistant functions.

It said that the changes would see the removal of the Chief Policy Officer role.

The message to members said that as a result of the structural changes a number of roles would be made redundant with McCrea and three other staffers named as leaving the organisation over coming weeks.

The message from ASFA chair, Gary Dransfield, that the board believed the new structure would set the organisation on a path for success.

Our balance sheet, including cash reserves are strong, underpinned by the surplus we delivered in the last financial year. The restructure we have undertaken gives the Board confidence that we have the resources required to adapt to the future and ensure our solid financial position is maintained.