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Darwinian time for super

HARRISON WORLEY  |  THURSDAY, 7 MAY 2020
With COVID-19 rapidly shifting the ground beneath them, only the fittest superannuation funds will survive, according to Hostplus' Paul Watson. Appearing as part of a virtual panel discussing mergers in super, Hostplus group executive member experience ...

ME Bank saga could impact super funds

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
ME Bank has come under fire after customers received letters telling them the redraw balances on their mortgages had been dramatically slashed without any warning. One letter from ME Bank, seen by Financial Standard, showed a customer's redraw balance ...

Adviser salaries in 2020 revealed

JAMIE WILLIAMSON  |  WEDNESDAY, 6 MAY 2020
Despite current uncertainty, latest insights show a senior financial adviser with more than 10 years' experience can still expect to take home up to $160,000 per year. Riva Recruitment's Financial Adviser Salary Guide 2020 shows a senior adviser in ...

Opportunities abound in COVID-19 environment

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
The uncertainty and volatility that COVID-19 has endowed on markets has opened up opportunities not seen in decades, according to a $9.5 billion Aussie investment manager. However, in order to take advantage of these opportunities investors must be ...

Super switching three times higher: CFS

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2020
New data from Colonial First State (CFS) found switches by super members were three times the usual rate in March as Australians moved their super to cash in the midst of the COVID-19 pandemic. The data found 39% of those that switched their super moved ...

Capital retention policies may hit investors: Research

HARRISON WORLEY  |  WEDNESDAY, 6 MAY 2020
New research warns moves by regulators to ensure companies keep a tight rein on capital will likely leave investors worse off. A research paper by First Sentier Investors' systematic equities manager Realindex shows investors - particularly those invested ...

MySuper bounces back

HARRISON WORLEY  |  TUESDAY, 5 MAY 2020
While the fallout from the COVID-19 pandemic has demolished the return expectations of investors for the year, new analysis shows MySuper products have managed to turn things around. Latest Rainmaker research shows MySuper products offered by not-for-profit ...

Chief economist update: No escaping the inverted yield curve

BENJAMIN ONG  |  MONDAY, 4 MAY 2020
"Flattening the curve". This is the overriding aim of governments and health officials everywhere when they implemented or advise social isolation, social distancing limits and lockdown measures. Many have (or are beginning to) flattened their respective ...

ERS top of mind for advisers

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
Early release of super was the topic most frequently asked about by advisers during March and April, according to new figures from AMP's technical adviser support team. The next most asked about issue was minimum pension drawdowns as the government ...

Super funds release $1.3bn

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
APRA has released the first Early Release Super (ERS) figures, showing $1.3 billion has been paid to members in the first week of the scheme. Under APRA's Early Release Initiative (ERI) data collection, superannuation trustees were asked to submit data ...