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Super

super

27 May 2020 • By Sarah Simpkins • 1 min read

MP demands inquiry into industry fund mob

Liberal MP Tim Wilson has urged APRA to investigate potential conflicts of interests arising from industry superannuation funds and their vertical ...

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Volatility wiped super gains in March

 The latest super statistics from the prudential regulator have revealed a significant drop in assets over the first quarter of this year as a wave of ...

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BetaShares boss blasts early super

Exclusive: The CEO of BetaShares has sledged the government’s early super scheme, saying super “should not be used as an ATM when times get tough”

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Three funds tick over $1bn in early release payments

Ten superannuation funds have shelled out around two-thirds of the early release payments, with the top three funds surpassing $1 billion each

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Tax storm looms for super

Superannuation could be set to lose its preferential tax treatment in the COVID-19 recovery, an actuary has cautioned, with its chief noting the ...

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Retirement income framework on backburner

The government has delayed legislation to introduce a retirement income covenant for the new financial year, arguing the issue requires “further ...

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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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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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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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