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Showing 1881 - 1890 of 6290 results for "Superannuation Fund"

CBA Group Super posts -7.7% returns for March quarter

KANIKA SOOD  |  MONDAY, 20 APR 2020
CBA Group Super's balanced option returned -7.7% in March quarter amid COVID-19 volatility, pushing its one-year returns into the negative territory while longer-term remain buoyant. The average not-for-profit superannuation fund's posted -9% ...

Super funds need to act like banks: PM

ELIZA BAVIN  |  FRIDAY, 17 APR 2020
... premium, but this is their own contributors that are involved. "I would like to see the industry and broader superannuation fund playing a more active role in dealing with the economic issues that we're dealing with at the moment." A spokesperson ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
Once the Australian Tax Office approves a superannuation fund member to access up to $10,000 of their super early the fund will only have five days to hand over the money. As part of the government's economic stimulus package, those who have lost income ...

Tail-risk hedging pays off for super fund

ELIZABETH MCARTHUR  |  THURSDAY, 16 APR 2020
A $10 billion industry superannuation fund has managed to lock in gains from a tail-risk hedging strategy during recent market volatility amid the COVID-19 pandemic. Vision Super has had tail-risk protection in place for its defined benefit plan for ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
Governments around the world are springing into action to leverage and safeguard pension pots during the COVID-19 economic and market turmoil. Australia in March allowed workers to withdraw $10,000 for this financial year and the next from their superannuation ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... condition of release converts any preserved and restricted non-preserved benefits the member had in their superannuation fund into unrestricted non-preserved benefits. "As the coronavirus early access arrangements do not apply to unrestricted non-preserved ...

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
Executives and directors of a $12 billion Queensland superannuation fund have committed to a 10% decrease in their remuneration until at least June 30 as the COVID-19 pandemic rolls on. LGIAsuper will fund the 10% pay cut through the executives' ...

Industry fund continues investment team expansion

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
A $50 billion industry superannuation fund is pushing ahead with its plans to build an in-house investment capability, appointing a former Victorian Funds Management Corporation portfolio manager to oversee strategic tilting. HESTA has appointed Luke ...

ISA warns Aussies off locking in losses

HARRISON WORLEY  |  TUESDAY, 14 APR 2020
The peak body for industry superannuation funds has launched an advertising campaign to warn Australians against crystallising their losses amid the market turmoil caused by COVID-19. Re-using a line from the backing track present in its television ...

Never say never to RBA help: First State Super

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
One of the nation's largest superannuation funds believes now is not the time for the RBA to step in with liquidity support, but said it's a solution which shouldn't be ruled out. First State Super is confident it does not need specific ...