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Deloitte the beneficiary of fairway friendship
In Rollover’s view, few people have a better understanding of group life than Geoff McRae and it seems that he’s not slowing down.
McRae left his long-time gig at actuarial research house, Rice Warner, in early October but contrary to the expectations of some and the rumours of others, he did not immediately down tools and head for the golf course. Rather, the silver-haired McRae simply changed employers – turning up working with Russell Mason at Deloitte.
Given the complexities which are likely to confront superannuation funds as they seek to adjust to the code of conduct surrounding life insurance within
superannuation, Rollover reckons Deloitte may have made a very astute decision particularly as it looks to round-out its consulting offering.
Of course, those of a golfing persuasion will know that McRae and Mason have more than superannuation in common – they are frequently seen golfing in the same group at Sydney’s Roseville Golf Club where they each exhibit a swing style best described as “unique”.
Rollover reckons both men have a detailed knowledge of the flaws in each other’s game and, perhaps more
importantly, the flaws in competitors’ strategies.
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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