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01 May 2020 • By Sarah Simpkins • 1 min read

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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Markets look to recovery, ignoring damage done

With one of the worst ever quarters in the rear view, markets are pricing in “light at the end of the tunnel”. But that could be a mistake. Markets ...

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Regulator’s criminal charges more than triple

ASIC has revealed it ramped up its prosecutions in the second half of 2019, with the number of criminal charges it laid surging by 367 per cent ...

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Client redemptions, market drag Janus Henderson assets

The COVID-19 market downturn and net outflows saw Janus Henderson close its first quarter of the year with a fifth less in assets under management

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Tech giants feel COVID sting

The tech stocks that have been driving the market rally were down as companies reported flat earnings growth and massive COVID-19 spends

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US GDP drops to decade low

US GDP fell by almost 5 per cent in the worst slide since the GFC, but the worst is yet to come. GDP fell 4.8 per cent as nationwide lockdowns saw ...

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Study finds greater demand for annuities than expected

Research has found there would be greater demand for annuities from customers than previously believed by industry and government professionals

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Macquarie, Westpac, AMP hold highest paid ASX directors

Financial services giants Macquarie, Westpac and AMP have all been named among the companies employing Australia’s highest remunerated board directors

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IOOF paying out $200m in early release claims

IOOF has confirmed it has received more than 28,500 requests for early release of superannuation, totalling around $200 million, while its service ...

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