Is it corporate hospitality if it benefits charity?
If it’s March then it must be the Conference of Major Superannuation Funds, this year being held on Queensland’s Gold Coast.
Alas, once again, Rollover notes that the traditional pre-conference Golf Day has not been scheduled which leads him to conclude that while the Royal Commission may be over, its consequences will tend to linger.
While Commissioner, Kenneth Hayne certainly had a thing or two to say about corporate hospitality on the part of some superannuation funds, the reality of the CMSF golf day was that it was a charity event supporting the blue and the pink – prostate cancer and breast cancer.
While it is true that Rollover and his colleagues may have enjoyed a few beverages and the post-event dinner, he also recalls not only the amount of money raised in the cause of defeating cancer but the level of awareness which raised among participants.
And where prostate cancer is concerned, many of those participants were in the demographic most likely to need a check of their PSA.
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
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
