| | | Two industry super funds have pushed back the date for their merger due to the COVID-19 global crisis. |
| | | | 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. |
| | | | 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. |
| | | | 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. |
| | | | Latest analysis of Australia's superannuation industry shows COVID-19 may prove the catalyst for small superannuation funds to finally pull the trigger and merge. |
| | | | Australians who take out $20,000 from their superannuation due to the COVID-19 economic slowdown will sacrifice nearly $79,000 from their retirement nest eggs, according to new Rainmaker modelling. |
| | | | A University of Melbourne finance professor and Super Consumer Australia director has proposed an alternative solution to soften the blow of COVID-19, one reliant on borrowing funds from the Reserve Bank of Australia rather than superannuation funds. |
| | | | The government's $10,000 early release from superannuation allowance is higher than historic withdrawals, but a better option than freezing the superannuation guarantee. |
| | | | The superannuation sector has been called on to act as a key pillar in Australia's response to the COVID-19 pandemic, with the early release of super a central tenet of the government's new policy initiatives. |
| | | | A $16.5 billion industry superannuation fund is set to take over Perpetual's MySuper offering in a successor fund transfer. |
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| | ALLY SELBY While there may be uncertainty surrounding the economic implications of the spreading COVID-19 pandemic, one thing is clear; if business leaders are not consistent, empathetic and clear with their response, they should prepare to face the music. | KANIKA SOOD The government's $213 billion stimulus package is set to push up the country's total debt but experts say it is not reason enough to draw down on the sovereign wealth fund. | | | HARRISON WORLEY Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite. | ELIZABETH MCARTHUR Significant hikes in group insurance premiums have been put down to the Protecting Your Super reforms - with members of four superannuation funds facing premium increases of 34%. |
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