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Linking to a silver lining
Perusing the Superannuation Complaints Tribunal annual report, tabled in Parliament last month, Rollover was given to reflect that administration complaints had not been in significant decline and that being a superannuation fund administrator is clearly not all beer and skittles.
None of which probably matters to Link Group managing director, John McMurtrie who seems to have landed something of a windfall from the $2.5 billion listing of the group on the Australian Securities Exchange.
Link, of course, owns Australian Administration Services and not so long ago picked up Superpartners from its industry fund owners - something which has given it a significant part of the administration market.
It was McMurtrie who was at the helm of Link when, as a registry firm, it acquired AAS and he has certainly faced his share of headwinds in seeking to navigate a struggling administrator through the arcane world of superannuation fund administration.
The payday resulting from the recent IPO suggests that sometimes the pain is worth it.
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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