|InPayTech's superannuation payment solution has picked up new payroll provider clients, as cybercrime continues to threaten the super sector.|
|Some superannuation members are complaining of laggard customer service and reduced benefits, as BT transitions about 280,000 accounts to its new product.|
|Brisbane-based superannuation administrator IFAA is ready to broaden its focus beyond the mostly small and medium super funds it typically serves, as the addition of a new shareholder bolsters the firm.|
|New insight from Rice Warner has re-iterated the message that a husband is not a retirement plan as women's lower super balances are highlighted on International Women's Day.|
|One of Australia's largest superannuation funds has dropped its pension fee by 40%, saving members $156 per year.|
|While debate continues to rage about the efficacy of superannuation as the Retirement Income Review prepares to deliver its final report in June, Rice Warner has called on Australians to be proud of the system.|
|Super funds with female trustees and female leaders can boost their member's super by $100,000 over their working life.|
|The government is moving to act on one of its election promises by cutting the work test.|
|First State Super and WA Super have said they are exploring the benefits to members of a merger, in a move that would create a $109 billion fund.|
|Major Queensland superannuation funds QSuper and Sunsuper are a step closer to a merger, signing a Memorandum of Understanding to undertake exclusive due diligence to explore a merger.|
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.
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.
Australia's superannuation sector is fighting a war on three different fronts, as the economic fallout of COVID-19 continues to bite.
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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