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Superannuation

New buyers for Sargon businesses confirmed

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
Sargon's Diversa, CCSL and Tidswell businesses will be owned by New York-based buyers, who are committing to retaining Aussie jobs and have hired a Westpac and BT veteran for the board.

Super fund delays successor fund transfer

KANIKA SOOD  |  TUESDAY, 5 MAY 2020
A retail superannuation fund has postponed its MySuper transition to a $16.5 billion industry fund citing market uncertainty and volatility arising from COVID-19.

ERS shaves $4m off Raiz Super

ALLY SELBY  |  TUESDAY, 5 MAY 2020
The government's early release scheme shaved $4 million from Raiz Invest's superannuation offering, as members drew down on their savings to weather the COVID-19 crisis.

AMP hangs on to AFLPA mandate

KANIKA SOOD  |  MONDAY, 4 MAY 2020
AMP will continue to manage superannuation for over 3500 past and present AFL players as the association extends its mandate.

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
Australians have withdrawn $1.3 billion of superannuation in just the first week of new early release rules to help those suffering financial hardship as a result of COVID-19.

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.

How Cbus is servicing early release requests

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
Cbus chief investment officer Kristian Fok says the $56 billion fund is seeing a slowdown in early access requests and members are starting to reverse out of cash.

Sargon buyers tap former PEXA chief as adviser

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
PEXA's founding chief executive is understood to be advising Teddy Wasserman, as he readies a new group structure for Sargon's operating businesses.

Super CIOs defend illiquid assets

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
At a virtual round table hosted by QIC the chief investment officers of AustralianSuper, LGIAsuper and more defended allocations to illiquid assets.

More super funds will merge: QMV

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
COVID-19 will be the shove that forces some superannuation funds to merge, while others thought safe prior to the pandemic will also be left pondering consolidation.