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08 April 2020 • By Sarah Simpkins • 1 min read

Super fund halves fees for jobless members

A women-centred superannuation fund has slashed its fees for members that have become newly unemployed as a result of the coronavirus crisis

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APRA decision will ‘stifle innovation’

APRA’s decision to suspend issuing licences could bleed Australia’s fintech industry of money and jobs. On 8 April, APRA warned that it will not ...

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Australia could lose AAA rating

Australia’s credit outlook has been downgraded from “stable” to “negative” by one of the world’s pre-eminent ratings houses – and its AAA rating could ...

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Disclosure 'urgently needed' as funds consider redemption limits

An investment adviser has called for industry super funds that are highly invested in illiquid assets to be forced to disclose their holdings more ...

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BOQ defers dividend

BOQ will defer its interim dividend payment until the economic outlook becomes clearer – and other banks could follow. BOQ will defer the decision ...

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APRA suspends issuing of licences

APRA will suspend the issuing of new licences due to the “fundamental change in the economic and social environment.” APRA will not issue any new ...

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Raised fixed income spreads come under fire

A fundie has called out other investment managers for raising their sell spreads on fixed income products, in lieu of preparing for the coronavirus ...

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Chant West takes Zenith deal to court

Chant West has fired legal action at previously agreed buyer and Zenith subsidiary CW Bidco in the NSW Supreme Court, after the company got cold feet ...

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Senator slams super funds racking illiquid assets

Liberal Senator Andrew Bragg has blasted superannuation funds who may have sunk too deep into illiquid assets ahead of the coronavirus crisis, calling ...

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Early super sees massive uptake

Hundreds of thousands of Australians are already eyeing the new early super scheme according to new figures from the ATO, and that number is set to ...

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