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Queensland funds delay merger
HARRISON WORLEY  |  WEDNESDAY, 29 APR 2020
The impending merger of major Queensland superannuation funds QSuper and Sunsuper has been delayed.
Australians hate complexity, not annuities: Research
ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
New research from Melbourne Business School Orford Initiative has found there is more demand for annuity products than the industry or government previously believed.
ATO to determine duplicate ERS applications
ELIZA BAVIN  |  WEDNESDAY, 29 APR 2020
The Australian Taxation Office said it will determine if a person has made a duplicate application, telling funds to follow its determination.
Industry fund revalues unlisted assets
HARRISON WORLEY  |  TUESDAY, 28 APR 2020
Another superannuation fund has slashed the value of its unlisted assets, with airports and commercial property taking a hit.
AustralianSuper pays out $320m
JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
AustralianSuper has already paid out close to $320 million to members under the early release scheme as it readies to release a further $330 million.
No golden ticket for super funds
ELIZABETH MCARTHUR  |  MONDAY, 27 APR 2020
March provided evidence that superannuation funds won't be able to guild returns through investments in gold, according to Parametric.
LGIAsuper revises down unlisted assets
KANIKA SOOD  |  FRIDAY, 24 APR 2020
The $12 billion superannuation fund has revised down the value of its property and infrastructure in response to COVID-19, joining AustralianSuper, UniSuper and Hostplus.
Billions withdrawn from super
ELIZA BAVIN  |  FRIDAY, 24 APR 2020
Treasurer Josh Frydenberg has confirmed $3.8 billion in withdrawals from super was approved by the ATO over the course of three days.
Calls for super funds, government to collaborate on energy security
KANIKA SOOD  |  THURSDAY, 23 APR 2020
The federal government on Wednesday took advantage of the low oil prices to establish Australia's first sovereign energy reserve, and superannuation funds can help, according to an expert.
The blame game
ELIZA BAVIN  |  THURSDAY, 23 APR 2020
When the COVID-19 crash hit markets, super funds copped a massive blow, but why they were all invested in such a similar way is an issue that still needs addressing.
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