“It has been a privilege, and immensely enjoyable, to have been part of such a fantastic group but I received an offer that was just too good to refuse. I will now take a few months off, compliments of my restraint of trade and my wife's orders, and bounce back in 2018,” he said in a social media update earlier today.

Mr Busoli was originally with Cavendish before it was acquired by AMP. He became part of the SuperConcepts brand, which was established in early 2016 and combined all of AMP’s existing SMSF brands including Cavendish, Justsuper, Multiport, SuperIQ and SuperMate.

The news follows the appointment of new director, Amanda Johnston-Pell, who replaced former SuperIQ chief executive Andrew Bloore.

***Update***

SMSF Adviser understands SuperConcepts will not be replacing Mr Busoli.