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Super

super

20 July 2020 • By Sarah Simpkins • 1 min read

Super funds finish financial year on rebound

Super funds have managed to navigate the COVID-induced financial crisis to fare better than expected, Chant West has reported, with half the growth ...

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Super could see negative cash flows

As many as 60 per cent of Australia’s super funds could see negative cash flows at the end of FY20 as they fight market shocks, plummeting super ...

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APRA confirms early super surpasses Treasury $27bn limit

The superannuation funds have received approved applications for $28 billion under the early release scheme, blowing past the initial government ...

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One-fifth of Aussies dropped or froze super contributions

One-fifth (21 per cent) of Australians have reduced or stopped their rate of retirement savings due to the COVID-19 meltdown, according to a new ...

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Government needs to cut pension reliance, senator says

The government and the superannuation system should be aiming to have half of the population off the Age Pension in 30 years, senator Andrew Bragg has ...

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Government push needed for super fee reform, senator says

The costs of the superannuation system need to be re-examined and funds could be due for a forced market restructure, according to Liberal senator ...

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First State Super signals rebrand after merger

First State Super has indicated it will be changing its name in mid-September, following its recent merger with VicSuper. First State Super and ...

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Super member satisfaction up year-on-year

New data from Roy Morgan has shown despite overall superannuation fund satisfaction was down from the month before in May, it had still significantly ...

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Early super soars on second tranche

Early super withdrawals will soon overtake Treasury estimates for the first time as half a million Australians access the second tranche of the scheme

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Senator challenges APRA over super political donations

Liberal senator Andrew Bragg has called APRA’s response to Sunsuper’s payment to the Labor Party “troubling”, saying how political donations from the ...

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