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All off all change at this REST stop
Rollover was somewhat astonished to hear of all the senior executive departures from big retailing industry fund, REST and noted just how many other superannuation fund operatives were equally astonished.
While it has become somewhat traditional for funds to part ways with their executives at the end of calendar and/or financial years it is not at all common for funds to part company with five senior executives in one hit.
But what Rollover found particularly interesting was that the departures were occurring while it seemed that REST was still seeking to attract replacements to the senior roles, which is possibly why Super Review stumbled across the story in the first place.
Still, it seems probable that REST chief executive, Vicki Doyle knows exactly what she is doing after having assumed the fund’s helm in May after spending a good deal of time running the superannuation business over at AMP Limited.
Whatever the challenges she and her new team are facing at REST in 2019 they are likely to be significantly less than those she might have faced had she remained at AMP.
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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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.
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