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Wet – dry = moist
Having worked both sides of the divide, Rollover was pleased to see the new assistant minister for Superannuation, Financial Services and Financial Technology, Senator Jane Hume, calling for an end to the culture wars.
Hume, of course, put in some time working for National Australia Bank/Plum before eventually moving to a role within AustralianSuper so she should know a thing or two about the cultural differences which exist between bank-owned entities and profit to member outfits.
Of course, to some eyes, AustralianSuper looks very much like many of the retail entities against which it competes, right down to its funds under management and its ability to run a savvy in-house investment team.
Hume would also understand that assessing the cultural differences between industry and retail funds is a bit like assessing the differences between the wets and the dries in the Liberal Party.
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.
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