QSuper CEO Rosemary Vilgan has been named the 2013 Telstra Australian Business Woman of the Year.
Driven by hearing fear in the voices of people whose superannuation savings were slashed by the GFC, Ms Vilgan said the retirement plans of many Australians were left in disarray. “It made me realise that it is the outcome for individual members that matters, not a comparative rate of return against other funds.
With board support, Ms Vilgan and her team introduced QSuper Lifetime, a product that she says is designed to give members “dignity in retirement.” It provides a more tailored investment strategy based on the age and savings of a cohort of individual members and the economic cycle, integrated with financial advice.
Ms Vilgan was a technical specialist who helped establish QSuper, a universal superannuation scheme for Queensland public sector employees, in 1990 and became CEO in 1998. Recognising inequities of contributions, particularly for women, she negotiated an equalisation of the contribution rate for all State Government employees.
She also led major structural changes in QSuper that allowed it to be federally regulated in 2009.
QSuper's work in developing innovative superannuation products has received national and international recognition with Ms Vilgan presenting last month at the International Centre for Pension Management’s annual conference in Sacramento, US.
Chairman of the QSuper Board of Trustees, Bob Scheuber shared his personal thanks when congratulating Rosemary on the award, “The continued growth and success of our Fund is a direct result of her courage, vision and passion in achieving adequacy in retirement for our members.”
"The 2013 finalists were particularly impressive and came from a range of backgrounds and industries. Rosemary’s presence among them is a reflection of the esteem she is held in by the business community, the breadth of her experience and her leadership at the helm of a major financial services organisation,” he said.
In addition to the 2013 Telstra Australian Business Woman of the Year award, Rosemary also won the Telstra Community and Government Award.
More details of Rosemary's award can be viewed from the Telstra Business Women's Awards website.