Jumping the gun on announcing an engagement

4 September 2020
| By Rollover |
image
image
expand image

Rollover believes that its just common knowledge that politics and ego are part and parcel of any merger process between superannuation funds.

And so whenever Rollover hears about a merger between funds he expects that messaging will reflect at least some ego and a good deal of politics.

And such proved to be the case with respect to the putative merger between NGS Super and Catholic Super with Catholic Super’s chief executive, Greg Cantor, appearing to have surprised his friends at NGS Super by the alacrity with which he decided to announce the merger to the always hungry media.

Rollover gathers that while the guys at NGS Super were a bit miffed, they were happy to go along with the early-than-anticipated announcement on the basis that such events are all part and parcel of superannuation fund marriages.

From where Rollover sits, the merger looks like one of the more sensible to be announced in recent times given that NGS Super covers those working in non-Government schools, while Catholic Super covers those working in the Catholic non-government schools system.

What can possibly go wrong?

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 4 months ago
Kevin Gorman

Super director remuneration ...

1 year 4 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 4 months ago

Sharemarkets might have been rallying on the back of central banks’ progress in the inflation fight, if not for Donald Trump’s escalating trade tensions and renewed attac...

11 minutes 24 seconds ago

Super industry advocates are calling on all parties to prioritise stopping abusers from getting access to their victims’ super....

13 minutes ago

Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion....

53 minutes 8 seconds ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND