Name, rank and serial number, nothing more

Outsider

13 April 2017
| By Outsider |
image
image
expand image

Outsider was just a little bit amused when he saw that recently-elected Victorian Liberal Senator, Jane Hume, had used a public hearing of the Senate Economics Committee inquiry into the non-payment of the superannuation guarantee to ask Industry Super Australia (ISA) apparatchik, Matthew Linden, for some detailed analysis of how ISA is funded.

The cause of Outsider’s amusement was not so much the question (which was entirely legitimate and warranted) but rather the manner in which it pitted one side against another in the traditional cut and thrust of Liberal versus Labor and the on-going battle between industry funds and the banks.

You see, before Senator Hume entered the Senate at last year’s Federal Election she was one of the youngest female executives at National Australia Bank and before he joined the comrades at ISA, Linden was an adviser to former Federal Labor Treasurer, Wayne Swan.

It seems that Linden also did some time at Royal Military College, Duntroon, which possibly explains how he managed to use his answer to a question on notice from Senator Hume to provide nothing which wasn’t already known and certainly would not assist the enemy.

Linden’s answer provided no more than the ISA’s name, rank and serial number.

Senator Hume may need to do some research on effective interrogation techniques.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

3 weeks 4 days ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

2 months 3 weeks ago

ASIC has taken action against a Queensland adviser who was sentenced last May for misappropriating $1.8 million from his clients....

2 weeks 3 days ago

AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions. ...

2 weeks 3 days ago

A former Insignia Financial C-suite exec has taken on a leadership role at MUFG Retirement Solutions as it announces chief executive Dee McGrath will depart after six yea...

2 weeks 4 days ago

TOP PERFORMING FUNDS