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All off, all change please
Rollover can rarely remember a time when so many superannuation chief executives have headed for the exit.
In just the past six months he has been witness to the exit of ClubPlus chief executive, Paul Cahill, Local Government Super chief executive, Peter Lambert, and Christian Super chief executive, Peter Murphy.
You can add to those names the departure of former Pillar Administration chief executive, Peter Brook, who has subsequently picked up a new gig with a publicly-listed player, with Mercer having appointed former Financial Planning Association chief executive, Jo-Anne Bloch, to head up the Wollongong-based Pillar operation.
Is that the end of it for superannuation fund CEO departures? Apparently not, with Rollover hearing rumours that another industry fund boss may soon be calling it quits.
Given the healthy level of the average salary of super fund chief executives, Rollover cannot imagine incumbents give up their roles lightly.
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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