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|Sargon Capital's creditors yesterday voted unanimously to wind up the company, starting a liquidation process that could last 12 months.|
|Australia's largest superannuation fund is bumping up insurance premiums from May 30, less than a year on from the last increase.|
|New research from MetLife shows Australian consumers are looking to financial institutions to alleviate anxiety during the current COVID-19 crisis, but more than half claim they haven't heard from their super fund.|
|Hostplus has responded to a series of reports suggesting the fund does not have ample liquidity to handle the government's plan to allow people to access their super early and claims it updated its PDS in preparation for mass redemptions.|
|Superannuation funds, including AustralianSuper, Hostplus and Rest, have been slashing the value of their unlisted assets - now Willis Towers Watson is interrogating why.|
|While the ASX fell close to 30% in March, Rainmaker analysis shows the investments returns for 15 of Australia's leading not-for-profit superannuation funds weren't nearly as bad.|
|A superannuation fund designed for women has halved the fees of new and existing members who find themselves jobless as a result of the COVID-19 pandemic.|
|Treasurer Josh Frydenberg has confirmed superannuation funds that fail to appropriately handle early release during the COVID-19 crisis will face penalties.|
|OneVue is asserting its right to receive payments from the ongoing sale of Sargon's trustee businesses after a recent creditors' meeting.|
|Standing Committee on Economics chair Tim Wilson has written to superannuation funds seeking numbers on liquidity, unlisted assets and stimulus measures by April 29.|
Sargon Capital's liquidators are looking for extra funding to dig deeper into the company's transactions, potential claims and the possibility of a dividend payment to creditors.
iShares today listed two exchange traded funds on the ASX that invest in Australian corporate bonds.
A survey of 110 pension funds, endowments, foundations, sovereign wealth funds and insurance companies worldwide has revealed the new priority position ESG is taking in asset allocation.
Investec has established a postgraduate research scholarship with the University of Sydney Business School; in a move that it says will benefit the future finance workforce in Australia.
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