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The value of endorsement
Rollover reckons it’s no secret that a number of Government back-benchers and, indeed, a number of front-benchers have been questioning the compulsory nature of Australia’s superannuation regime.
Among those who have sought to participate in the debate have been the likes of former Financial Services Council (FSC) policy apparatchik, Senator Andrew Bragg, former IPA staffer, Senator James Patterson and, apparently, the somewhat lesser known and recently-elected Queensland Senator Gerard Rennick.
Rollover doesn’t know much about Rennick, but a quick Google search reveals that he holds a Bachelor of Commerce from the University of Queensland and a Master’s degree in Taxation Law from the University of Sydney having grown up in that epicentre of progressive thought, the Queensland Darling Downs. Oh, and he also apparently believes superannuation is a “cancer”.
Rollover also notes that Rennick has earned the admiration of a chap in New Zealand named Branton Kenton-Dau whose website states he is “interested in understanding complex systems to the point where their structure reveals itself with childlike simplicity”.
And being noticed by Kenton-Dau should be counted as a feather in Senator Rennick’s cap particularly if he is the same Branton Kenton-Dau who in 2002 wrote an open letter to President Bush offering US investors free access to his firm’s (MetaWealth) ratings of over 100 US firms.
He is possibly also the same Branton Kenton-Dau who in 2008 was being interviewed as part of VortexDNA which was looking into the human genome and who in 2012 was reported in Super Review itself as having lauched a tail-risk product for the ASX200 based on data gathered by NASA on space weather patterns.
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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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.
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