Rollover is almost as fascinated by superannuation fund mergers as the deputy chair of the Australian Prudential Regulation Authority (APRA), Helen Rowell.
Recent fund mergers have come in all shapes and sizes with the result that sometimes Rollover fully understands the rationale behind the transactions while, sometimes, he simply does not.
For instance, Rollover fully understood the rationale behind the rather mammoth merger of Sunsuper and Q Super (geography and demography) while he is still struggling to understand the rationale behind the merger of Media Super and Cbus unless it has something to do with political ideology.
Rollover remembers the origins of Media Super with the old Journalists Union Super Trust (JUST) merging with Print Super. He also remembers the journalist union merging with Actors Equity to become the Media Entertainment and Arts Alliance – sometimes known as a rare combination of scribblers and jugglers, but he is not sure how, scale aside, that all fits with a building and construction industry fund like Cbus.
Which brings us to the recent announcement of the impending merger of EISS Super and TWU Super, where at least it can be argued that both are high touch funds with members working in dangerous callings demanding highly specific insurance offerings.
That said, perhaps a fund representing those in the electrical trades might have sat more comfortably with Cbus until you consider the divide between chippies and sparkies and the factional divide between Sydney and Melbourne.
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 notes the manner in which former Financial Services Council policy operative and now NSW Liberal Senator, Andrew Bragg, made much of his time this month as the acting chair of the Senate Economics Legislation Committee.