Superannuation board meets to discuss $12b of savings
IN CONJUNCTION with the Bush Council coming to Roma, the LGIAsuper board met in council chambers to discuss the best way assets could be managed.
LGIAsuper has looked after the retirement savings of Queensland local government employees and their spouses for more than 50 years, now representing more than 80,000 members.
Economic development councillor Cameron O'Neil sits on the board and rallied the troops to hold the meeting in the Maranoa.
With LGIAsuper managing more than $12 billion of retirement savings, chairman John Smith said it was great to be in the Maranoa to get a local perspective.
"We have taken the position that we want to get around to as many councils as we can and Cameron O'Neil made sure that his region wouldn't miss out on that opportunity,” he said.
"The idea is to get some feedback from them - what do you think we are doing right, what can we be improving on - and actually trying to grasp a local perspective.
"One thing we have been doing as a fund is investing in communities and local assets, so whether it's the gas pipeline in Townsville, a macadamia farm outside of Rockhampton or Sunshine Coast airport, we make
sure that assets are managed well, a lot of councils need assistance in managing their assets, so we engage regularly with them to see if there is something we can help with.”