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Super

super

21 April 2020 • By Sarah Kendell & Sarah Simpkins • 1 min read

Industry fund data suggests early super figures overblown

Research gathered by the advocacy group for industry super funds has pointed to the fact that the ATO’s initial data around the numbers of people ...

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Coronavirus drains $520m from Australian Ethical

Australian Ethical was shaken by market volatility in the first quarter of the year, recording a drop of a half a billion dollars in funds under ...

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Australia will see ‘mega funds’

Australia’s superannuation sector will soon see its first “mega fund”, but it’s unclear that the benefits of that scale will reach consumers

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Court throws out QSuper, fund manager appeals against AFCA

The Federal and Supreme Courts have dismissed the appeals of QSuper and a boutique fund manager against the financial complaints authority, after both ...

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Government, APRA press super funds for quick early redemptions

The Morrison government has backed the prudential regulator’s guidance given on Thursday, setting the expectation for superannuation funds to make the ...

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Unlisted asset concerns ‘too simplistic’, industry super CIO says

The scrutiny around superannuation funds’ unlisted assets and their liquidity ahead of the early super roll out has been too superficial, the chief ...

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Super fund slashes leadership pay by 10%

A superannuation fund’s directors and executives have committed to a 10 per cent cut in remuneration, as the fund buckles down for the COVID-19 crisis

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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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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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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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