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Superannuation

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
The scattergun approach of fraudsters looking to cash in on the early release of unaware Aussie's super has backfired, with one scammer copping an earful from a financial planner he tried to swindle.

Sargon trustee businesses sale expected soon

KANIKA SOOD  |  THURSDAY, 26 MAR 2020
It's only a few days until the new ownership of Sargon's regulatory operating businesses is finalised, OneVue told its investors in ASX filings yesterday.

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
The newly launched superannuation fund targeting the self-employed, GigSuper, has warned its members about the downside of accessing super early if they are left unemployed as a result of COVID-19.

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
Fraudsters have wasted no time in using the government's new early release of super initiative as an opportunity to swipe the retirement savings of unsuspecting Australians.

Time for financials to step up: Study

ALLY SELBY  |  THURSDAY, 26 MAR 2020
New research reveals that nine in 10 Australians believe the finance sector has a key role to play in generating positive social, environmental and economic outcomes for the nation.

ATO called to assist in early release super scheme

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
The Actuaries Institute has called on the Australian Taxation Office to play a role in spreading the impact of withdrawals from the governments early release super scheme, estimating it will see $25 billion pulled from super.

Super fund merger delayed

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
Two industry super funds have pushed back the date for their merger due to the COVID-19 global crisis.

COVID-19 shaves $290bn off super

KANIKA SOOD  |  WEDNESDAY, 25 MAR 2020
COVID-19 and the accompanying market correction has temporarily wiped out nearly $290 billion from Australia's superannuation system since the ASX's February 20 peak, according to new analysis from Rainmaker Research.

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
The industry superannuation funds for those who work in clubs, hospitality and retail are facing a tough year and have moved to reassure impacted members.

Super funds revalue unlisted assets

HARRISON WORLEY  |  WEDNESDAY, 25 MAR 2020
Some of the nation's largest superannuation funds have revalued their unlisted assets to give members an up-to-date understanding of how COVID-19 is hitting their retirement savings.