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Showing 1511 - 1520 of 4851 results for "Super funds"

COVID-19 shaves $290bn off super

KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
... coronavirus rescue package, even though it remains to be seen if the gains can be sustained. During the trough of the GFC super funds averaged -8% in 2008-09 and -13% in 2009-10. "Since then super funds have had a 10-year run of positive returns, six ...

Super funds revalue unlisted assets

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
Some of the nation's largest superannuation funds have revalued their unlisted assets to give members an up-to-date understanding of how COVID-19 is hitting their retirement savings. AustralianSuper has cut the value of its unlisted assets to the tune ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... execute a fund marriage than 12 months ago. Explaining how it anticipates the pandemic will impact Australia's super funds, the research firm said funds would be forced to cut costs as the asset-based fees or indirect costs charged to their investment ...

Early release to bite retirement hard

KANIKA SOOD  |  TUESDAY, 24 MAR 2020
... $63,000, respectively. "Some members will have lost their jobs or had their hours dramatically reduced and industry super funds will do all they can to help them," ISA chief executive Bernie Dean said. "But members should tread carefully and only think ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... superannuation release" proposal will only make matters worse. "Allowing that could make the economic situation even worse. If super funds were to provide cash to their members, they have to get that cash," he said. "If they sell the assets they hold ...

Industry fund boss exits

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... disappointing that government and the regulators don't understand the important contribution that industry-specific super funds make to their industries, beyond superannuation. "We're about to see that clearly, as funds like Media Super step-up ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... Dunnin said. "Some critics may not be happy about this provision but let's put it in context: in the last few weeks super funds probably lost $250 billion due to the stock market correction. The total amount the government thinks fund members will ...

SMSFs expected to outperform: Research

ELIZA BAVIN  |  MONDAY, 23 MAR 2020
... Rainmaker research. Around a quarter of the SMSF sector is held in cash and about 45% is held in shares, compared to other super funds that hold 10% in cash and 60% in shares on average. Rainmaker executive director of research Alex Dunnin said: "This ...

FPA advocates for reduced pension minimums

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... pointed out the government's decision ensured Australians in retirement could choose to preserve more of their super funds instead of taking account-based pensions and annuities. "This choice allowed retirees an opportunity to offset some of the ...

Volatility hits super funds

HARRISON WORLEY  |  TUESDAY, 17 MAR 2020
The current volatility of global financial markets is taking its toll on some of Australia's largest superannuation funds. Latest Rainmaker analysis of superannuation returns and unit pricing shows Australia's large superannuation funds aren't ...