Uncertainty caused by COVID-19 has lowered satisfaction levels with industry and retail super fund members but self-managed super fund and public sector fund member satis...
Risk-averse superannuation funds with insular thinking are likely to fail, according to a whitepaper....
Superannuation funds expect as many as 600,000 members to follow through and withdraw up to $10,000 with many not understanding the insurance and long-run investment impl...
New survey data commissioned by the industry funds suggests that up to a million people seeking early access to their superannuation are actually ineligible because they ...
There were no balanced super funds that made a return during the first quarter of the year as the COVID-19 pandemic continues to create market volatility. ...
Superannuation members need to stop worrying over current balances and maintain a long-term view, according to SuperRatings. ...
The firm is reviewing staffing levels, senior management salaries, and directors’ fees as a result of the COVID-19 pandemic. ...
Superannuation funds have received a letter from the two financial services regulators telling them to give top priority to having sufficient liquidity to make early rele...
Hostplus has said it had ample liquidity available to support members undergoing financial hardship due to COVID-19 but warned it would substantially reduce member’s fina...
Between $40 billion to $50 billion will be withdrawn from the superannuation system under the early access to super scheme, far greater than the $27 billion Treasury has ...
The Association of Superannuation Funds of Australia has approached the Commonwealth and State Government seeking recognition of superannuation as an essential service. ...
The short-term demand from financially impacted investors for early access to their superannuation could reach over $25 billion, according to the Actuaries Institute....
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...