Industry super steps up SG campaign as RBA weighs inBY HARRISON WORLEY | MONDAY, 10 FEB 2020 12:31PM
The peak body for industry super funds is stepping up its campaign to convince the public of the benefits of increasing the superannuation guarantee, as the RBA weighs in to the debate.Read more: SG, Superannuation, ISA, Luci Ellis, Phillip Lowe, Bernie Dean, Industry Super Australia, Reserve Bank, Tim Wilson
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%.
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation.
Zenith Investment Partners wants to reverse out of its planned $12 million purchase of Chant West's superannuation business, saying the latter has been materially affected since February, but Chant West is digging its heels in.
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