Costello made acting Future Fund chair

Former federal treasurer Peter Costello will take over as acting chair of the Future Fund. Source: AAP

THE federal government has appointed Peter Costello acting chair of the Future Fund.

The investment fund, which meets federal public service superannuation liabilities, was set up by Mr Costello when he was treasurer in the Howard coalition government in 2006.

Mr Costello, who's been a member of the fund's board for four years, will stand in for David Gonski, who has taken up a position as chair of ANZ bank.

Mr Costello begins his three-month appointment on January 11 while a permanent chair is sought.

His full term on the fund's board is due to expire in April.

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