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Superannuation

AMP tops worst-performing super funds list

KARREN VERGARA  |  TUESDAY, 22 SEP 2020
Retail superannuation funds provided by AMP and OnePath continue to charge high fees and deliver poor returns for members, the latest Fat Cat report shows.

Hostplus awards mandate

ANNABELLE DICKSON  |  TUESDAY, 22 SEP 2020
$48 billion industry fund Hostplus has awarded a private equity mandate with the aim of helping it ride out COVID-19 induced volatility in global markets.

Ethical super fund overhauls fees

ELIZABETH MCARTHUR  |  TUESDAY, 22 SEP 2020
An ethical superannuation fund which targets young, socially aware people has overhauled its investment and administration fees.

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
Over half a billion dollars of unpaid superannuation has been reunited with workers, as employers take advantage of the amnesty period to "wipe the slate clean".

ERS tab hits $33.3bn

ALLY SELBY  |  MONDAY, 21 SEP 2020
The government's early release of superannuation scheme has paid out $33.3 billion since its inception, with an additional $340 million disbursed over the week to September 13 alone.

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
As Westpac pulls the plug on QuickSuper, a direct debit superannuation payment option for employers, there are fears the lack of automation could potentially worsen the unpaid super problem.

Hostplus can't be killed: Sicilia

ELIZABETH MCARTHUR  |  FRIDAY, 18 SEP 2020
Hostplus chief investment officer Sam Sicilia has firmly rebutted speculation that COVID-19 and the early release of super scheme could have caused a liquidity crisis, detailing a series of extreme events that wouldn't "kill the fund".

Aware Super, Lendlease execute $200m recapitalisation

ALLY SELBY  |  FRIDAY, 18 SEP 2020
Aware Super and Lendlease have closed nearly $200 million in recapitalisation loans on assets in Boston and Chicago, working with Japan's Sumitomo Mitsui Banking Corporation and Singapore's OCBC Bank to close the deals.

Grow Super founder pleads guilty

ELIZABETH MCARTHUR  |  FRIDAY, 18 SEP 2020
Grow Super founder Josh Wilson and former Grow employee Ben Trevisiol have plead guilty to using insider information to place a bet.

ME Bank profits rise in FY20

ELIZABETH MCARTHUR  |  THURSDAY, 17 SEP 2020
Despite all the challenges of 2020, ME Bank has managed a positive full year result with the bank determined to stick to its simple model.