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05 June 2020 • By Sarah Simpkins • 1 min read

Two-thirds of consumers want guidance from super funds

Two-thirds (66 per cent) of Aussies want to hear more from their super fund about their investments and protecting their super amid the uncertainty of ...

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Means test knocks mid-income retirees, actuary warns

Middle-income earners are forced to spend their retirement nest egg quickly or lose access to more disposable income from the age pension, according ...

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MP speculates retail funds lagging in early super

Labor MP Andrew Leigh has scrutinised the retail superannuation segment, after two funds paid less than half of their early release claims within the ...

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FSC proposes early super top-ups, infrastructure boon for recovery

The Financial Services Council has called for the government to tap into the $1.7 trillion in SMSF and retail super funds to put towards building ...

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Early super claims on the rise

Early super claims have jumped again, with the potential to exceed Treasury estimates. More than $12 billion worth of applications have now been ...

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APRA eyes accounts drained by early release

APRA has indicated it is considering collecting and publishing more data about the early superannuation release scheme, including details around how ...

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Super fund CEO resigns, staff stood aside amid police investigation

Two employees of an IOOF-backed super fund have stepped aside following the resignation of its boss, as the police investigate his role in an alleged ...

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Early super release widening gender gap, AMP says

An analysis of early superannuation release applications by AMP clients has shown that women are withdrawing a greater proportion of their super ...

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Consolidate or die?

APRA has warned super funds must be able to demonstrate their “right to remain” – and if they can’t, they could be forced to merge

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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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