No gambling, we're super
Rollover was pleased to note that while the 2016 Super Review Super Fund of the Year awards were held in the River Room at Melbourne's Crown Casino, he did not witness any superannuation fund executives having a flutter.
In fact, it seemed to Rollover that most of those on the casino floor were either his own colleagues (who are arguably too poor to gamble) or service providers to the superannuation funds such as insurers and administrators.
Rollover commented to a colleague that it was reassuring to note that superannuation fund executives and trustees were not being drawn to the lure of the gaming tables, when that colleague reminded him that it probably meant nothing - the high roller's room was upstairs.
For his part, Rollover found himself in the unfortunate position of having to make it to Melbourne's Tullamarine Airport for an early morning flight and so made his excuses and retreated to his room.
He feels sure that the administrators and insurers he left in the casino bar were simply having a quiet nightcap.
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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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.
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