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Mudslinging over FASEA extension continuesBY HARRISON WORLEY | WEDNESDAY, 13 MAY 2020 12:42PM
Labor has slammed the Association of Financial Advisers for spouting untruths over the path of the FASEA extension bill through the Senate.
Read more: Labor, FASEA, AFA, Financial Standard, Association of Financial Advisers, Stephen Jones, Jane Hume, Phil Kewin, ALP, Treasury Laws Amendment
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The earlier than expected easing of restrictions in Australia that defrosted social and commercial activity has had its desired effect - rebounding business conditions and confidence, and the feared one - a second wave.
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Around 300,000 Australians lodged their second application to access their super early at the start of the new financial year.
Spaceship chief executive Andrew Moore says its managed investments business has been the "single, strongest" source of growth for its $300 million superannuation fund.
Nine industry funds are working with Frontier Advisors to probe new longevity risk products for retiree members, which could include tweaking account-based pensions.
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