POWERED BY MOMENTUM MEDIA
ASFA vs Grattan – a growing enmity
It was once the industry funds versus retail fund battle that captured media attention in the superannuation industry, but Rollover senses that a new enmity has arisen – the Association of Superannuation Funds of Australia versus the Grattan Institute.
It seems to Rollover that ever since Martin (that’s Dr, to you) Fahy became chief executive of ASFA the superannuation organisation has become very much more aggressive in countering the less than super assertions of the Grattan Institute.
When the Grattan Institute last year had the temerity to question the validity of ASFA’s comfortable retirement measure, Fahy accused Grattan of “flawed analysis” and this year he was similarly sharp in rejecting the research group’s assertions.
When the Grattan Institute proposed the dumping of the Government’s already glacial superannuation guarantee increase timetable, Fahy labelled it “another contrived assault” on superannuation.
Rollover senses that whatever Dr Fahy chooses to do post ASFA, it will not involve ministering to the Grattan Institute.
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
66.99 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