Perusing the Superannuation Complaints Tribunal annual report, tabled in Parliament last month, Rollover was given to reflect that administration complaints had not been in significant decline and that being a superannuation fund administrator is clearly not all beer and skittles.
None of which probably matters to Link Group managing director, John McMurtrie who seems to have landed something of a windfall from the $2.5 billion listing of the group on the Australian Securities Exchange.
Link, of course, owns Australian Administration Services and not so long ago picked up Superpartners from its industry fund owners – something which has given it a significant part of the administration market.
It was McMurtrie who was at the helm of Link when, as a registry firm, it acquired AAS and he has certainly faced his share of headwinds in seeking to navigate a struggling administrator through the arcane world of superannuation fund administration.
The payday resulting from the recent IPO suggests that sometimes the pain is worth it.
