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super

18 May 2020 • By Lachlan Maddock • 1 min read

Early super numbers jump

The early super release scheme has continued to see massive uptake. Over the week to 10 May, super funds made payments to 390,000 members – ...

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Dividends could dip 35 per cent

While Q1 dividends have been largely unaffected by COVID-19, there will be a trough of as much as 35 per cent over the next 12 months

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Will Australia cross the bridge to recovery?

As lockdowns ease, it’s becoming clear that Australia won’t be the same country on the other side. With the death toll now running into the tens of ...

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Private equity stake to prep CFS for full sale

A major bank’s sale of a majority stake in its super business to a private equity firm is likely to see the business come out leaner and more profit ...

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Super merger relief holds burden for managed funds, body cautions

An industry body has warned the capital gains tax rollover relief for merging super funds has brought an “unnecessary” encumbrance for managed funds

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Super funds yet to receive ME Bank dividend

ME Bank is yet to deliver a dividend to the 26 industry superannuation funds that own it, with an MP speculating the lack of returns could be at odds ...

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Super contribution rise key for pandemic recovery, Industry Super says

Industry Super has rejected bats by Liberal MPs at the scheduled increase to employer superannuation contributions, saying the 2021 rise will be ...

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ASIC puts market participants on notice

The regulator has warned market participants to step up their game after it was forced to intervene at the height of the liquidity crisis

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QIC pilots state bid for Virgin

The Queensland government has indicated it will be bidding for embattled airline Virgin Australia through its state-owned fund manager. The ...

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Industry Super blames lack of guidance for modelling blunder

Industry Super Australia has admitted to inconsistencies across its calculations for the impact on consumers’ future retirement when accessing the ...

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