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07 May 2020 • By Sarah Simpkins • 1 min read

Sunsuper builds army for early release onslaught

Sunsuper has revealed it added more than 65 staff to its customer engagement team during April, as the early super release gave rise to a flood in ...

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Link braces for super merger mania, slowed industry growth

Fund administrator Link Group has forecast over the long-term, COVID-19 is set to cause increased fund mergers and subdued growth of new accounts as ...

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Rest pays out millions, but fraud runs rampant

The fund has paid out hundreds of millions in early super, but warned that the “heightened risk of fraud” was slowing them down. Rest has paid ...

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Super fund reports member switching tripled amid virus

A big four bank’s superannuation business saw switches by fund members rise to three times the usual rate in March, as the coronavirus pandemic rocked ...

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Embattled fintech finds buyer for super entities

A newly formed entity has purchased a number of superannuation entities from the embattled fintech. Pacific Infrastructure Partners – a new entity ...

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Pandemic drags women’s financial progress

A quarterly scorecard for women’s financial progress has recorded its weakest start to a calendar year since 2015, as job cuts start to pile on amid ...

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APRA reveals first early super data

APRA has revealed key data on the early super release scheme and vowed to take action on funds that don’t toe the line. Super trustees have now ...

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Early super numbers spike

The Prime Minister has revealed the latest rise in early super numbers.  There have now been 950,000 applications to access superannuation, worth ...

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Super funds tipped to hoard cash, earn less after early release

Liquidity concerns around the early super release scheme will cause superannuation funds to hold more cash and earn less in future, an actuary has ...

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Early super payouts tick over $7bn, as claims near $8bn

Superannuation funds have been estimated to have made around 855,000 individual payments for the early release by Thursday, totalling at around $7

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