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super

25 May 2020 • By Lachlan Maddock • 1 min read

Australians ‘in the dark’ on super

New research shows that many Australians wrongly believed super funds would automatically de-risk in the lead-up to the COVID-19 crisis

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Early super numbers increase

Early super numbers have climbed again as APRA releases the latest fund data. Over the week to 17 May, super funds made payments to 220,000 ...

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IOOF class action resolved

A class action brought against IOOF in the Supreme Court has been discontinued, with no payouts to be made to the law firm or the shareholders it ...

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ETFs ‘ballooned’ to tenth of ASX trades

Investors have flocked to ETFs according to a new white paper, despite the virus-induced market turmoil. The latest ETF sector report from provider ...

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JobKeeper error slashes cost by billions

A significant number of JobKeeper enrolment forms have been found to contain errors, slashing the cost of the program by almost half. An ATO review ...

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Treasury shrugs off super liquidity fears

Despite concerns that the superannuation industry would need assistance with dispensing cash for the early release scheme, Treasury has indicated as ...

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China ditches GDP target

In what comes as no surprise, China has abandoned its GDP growth target and will launch a number of stimulus measures to kickstart its economy

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Underemployment costing $24bn a year

Australia is heading for an underemployment crisis, with one researcher saying we can’t afford to “snap back” to an economy where people can’t find ...

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COVID will have ‘hugely negative effects’ for savers

The vice-chairman of one of the world’s largest alternative asset managers has criticised the early super release scheme, saying it isn’t wise in the ...

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Government cracks whip on class action funders

The Morrison government has indicated it will be slapping litigation funders with tougher regulatory standards, with financers to be required to hold ...

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