CBA Wealth manager wins FSC award

The FSC said in an announcement today that Daniel Bofinger, CBA’s manager for strategy, wealth management advice, had received the award for his submission on increasing engagement with superannuation.

FSC chief executive Sally Loane said: “Daniel presented a compelling argument to increase engagement with superannuation through behavioural economic principles such as active ‘gamification’ measures combined with passive behaviour methods such as default opt-out payments into superannuation.”

“The catalyst of Daniel’s submission culminated in the ‘rebrand’ of retirement from an age-based to a needs-based pension founded on the fact that we are all working and living longer,” Ms Loane said.

Last year, the award went to Laura Bielinko, CBA’s executive manager for WM Advice Strategy, for her submission on ways to provide retirement incomes for those on lower incomes.