Retail funds outperform, but industry funds dominateBY HARRISON WORLEY | MONDAY, 3 FEB 2020 12:33PM
Latest research shows retail super funds hit back in 2019, outperforming industry super funds across the year as impact of a tough final quarter in 2018 begins to fade.Read more: AustralianSuper, SelectingSuper, BT, Hostplus, UniSuper, First State Super, Mercy Super, TASPLAN, Telstra Super, Virgin Money
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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