POWERED BY MOMENTUM MEDIA
Changes at the SCT
Rollover wishes a fond farewell to the outgoing chair of the Superannuation Complaints Tribunal, Jocelyn Furlan, who last month wrote her last-ever foreword for the SCT quarterly newsletter.
He also notes that Furlan used that foreword to caution the Government against any further cuts to the resourcing of the Tribunal and to argue that it should be more closely aligned to its stake-holders in the superannuation industry.
Rollover knows that the SCT was last year collocated with the Australian Securities and Investments Commission in Melbourne, and so hopes that Furlan's successor in the Tribunal chair can adopt a warm working relationship with ASIC chairman, Greg Medcraft, and a number of his key lieutenants.
Those who understand the legislative and regulatory arrangements underpinning the SCT will know that, in a budgetary sense, it comes under the auspices of ASIC albeit that few previous ASIC chairmen proved as interested in its operations as has Medcraft.
The SCT last year managed to reduce a substantial backlog of cases, and so Rollover is hopeful that Furlan's successor ensures that the Tribunal manages to stay on top of its case-load.
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
Global X GlobalX FANG+ ETF
33.51 3 y p.a(%)
2
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.62 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
