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| | | Deputy Treasurer Michael Sukkar confirmed the ATO has paused requests for early release being sent to super funds, as the AFP investigates identity theft. Speaking to Sky News this morning, Sukkar emphasised that the ATO has not been compromised and ... |
| | | | ... exchange traded products with a high yield focus seem to be less risky, he said. "The exchange traded versions of high yield funds seemed to hold up reasonably well during March but there were lots of example of LITs and similar structures that ended ... |
| | | | ... about 5.4% of the payments resulted in the closure of those member accounts. Link is administrator for a number of super funds, including AustralianSuper, AMIST Super, BUSSQ, Cbus, HESTA and Hostplus. Link said it has seen increased member activity ... |
| | | | ... credit, but you have to be selective; you need to be able to pick the winners and avoid the losers." Similarly, Bennelong Funds Management research relationships director Stuart Fechner said it's paramount that investors assess how sustainable a company's ... |
| | | | ... inquiries from frontline workers and their employers in the case of unemployment or death following the COVID-19 outbreak. "Some funds received up to a 136% increase in members making contact about their arrangements if they pass away or become ill compared ... |
| | | | 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 ... |
| | | | ... terms with lost wages and livelihoods, draw down on their retirement savings to weather the economic crisis. And with super funds needing to generate cash, and fast, questions remain on how this will impact equities markets. According to research house ... |
| | | | ... in super is requested for early release, Australia's largest superannuation fund has paid out over $1 billion, with funds for the industries hardest hit by COVID-19 not far behind. Australia's largest fund, the $185 billion AustralianSuper, has ... |
| | | | ... operational reasons we are unable to comment further at this stage," it said. Over a billion dollars was withdrawn from super funds in the first week of the ERS scheme being active. The ATO has said it is up to each individual to self-determine if they ... |
| | | | ... five years ago. Most of them have their mortgage with ME Bank because they were a member of one of the 26 industry super funds that own the bank. Financial Standard reached out to several of the bank's industry fund owners but all declined to comment. ... |
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