Financial Standard editor Mark Smith presents a roundup of the week's biggest industry news and executive appointments. In this week's news:

Sunsuper overhauls TPD insurance
Sunsuper has announced changes to its total and permanent disability insurance cover in a move that will see an average premium reduction of 15% for more than 90% of its one million members.

Future Fund keeps powder dry
The Future Fund has continued to de-risk its portfolio amid market uncertainty, preferring to keep cash on hand to take advantage when opportunities are more clear.

Lazard chief steps down
Lazard Asset Management's Australian chief executive and managing director has stepped down to pursue new opportunities after 15 years with the company.

Plus more big news

This week's FS Minute news round-up is proudly brought to you by Zurich.