POWERED BY MOMENTUM MEDIA
Reading the Federal Budget crystal ball
Rollover does enjoy the run-up to a Federal Budget because of all the policy speculation that goes on and the necessity for journalists to decide what is a red herring and what is not.
Thus, he spent much of April and early May closely reading the various utterances of the Treasurer, Scott Morrison, seeking to decipher what superannuation elements would be included in the Budget brought down on 9 May after the super fiesta which was the 2016 Budget.
And it occurred to Rollover that one of the problems for the superannuation industry is that the impacts of the comprehensive changes announced in the 2016 Federal Budget are still not completely understood, particularly those around the $1.6 million transfer balance cap.
Ever the optimist, Rollover thinks Morrison might be clever enough to lift the super contribution caps, but given the Treasurer’s Sydney-focus he thought it far more likely Morrison would offer some sort of sop to the real estate lobby.
Rollover believes that the only certainty from a Coalition Government at Budget time is that there will be no further increase in the superannuation guarantee. Who said Rollover could not read a crystal ball?
AUTHOR
The Rollover
Rollover is a jaded hack who joined the staff of Super Review nearly two decades’ ago and never managed to summon the energy to leave. Known throughout the superannuation industry as a power-luncher and gossip, Rollover spends his time humouring fund managers, eavesdropping at conferences, dozing through briefings and looking for his next free meal.
Recommended for you
With rainy weather abound in Sydney, Rollover was sat in front of his TV watching the smorgasbord of niche documentaries free-to-air has to offer.
As a history buff, Rollover is well-aware of the importance of the role the vanguard plays in a military force, as the leader at the front of battle.
Now that crypto investing is mainstream, with Rest Super announcing it will put a portion of its funds into it, Rollover wonders whether his grandkids will think he is hip when he shows them his crypto balance in his new digital wallet.
Rollover is almost as fascinated by superannuation fund mergers as the deputy chair of the Australian Prudential Regulation Authority (APRA), Helen Rowell.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
73.88 3 y p.a(%)
2
Hills International
63.66 3 y p.a(%)
3
Acadian Global Equity Long Short Class A
36.33 3 y p.a(%)
4
CFS FC Acadian Global Equity Long Short
35.96 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.23 3 y p.a(%)
Add new comment