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Members begin to turn on industry funds
HARRISON WORLEY  |  THURSDAY, 23 APR 2020
New customer satisfaction data shows members' opinions of industry superannuation funds are starting to turn, after weeks of scrutiny over their performance during the COVID-19 crisis.
Funds receive first ERS applications
ELIZA BAVIN  |  THURSDAY, 23 APR 2020
The ATO has confirmed the first batch of ERS applications have been sent to superannuation funds.
Ethical fund manager wears $520m hit
HARRISON WORLEY  |  TUESDAY, 21 APR 2020
The market impact of COVID-19 hit Australian Ethical to the tune of half a billion dollars in the first quarter, but strong inflows have helped limit the damage.
Adequacy argument headlines online CMSF
HARRISON WORLEY  |  TUESDAY, 21 APR 2020
A debate over the adequacy of the superannuation guarantee has kicked off the Conference of Major Superannuation Funds, which is now being delivered online.
Five day deadline tough but workable
ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
One of Australia's largest superannuation administrators has responded to questions about how APRA's five day deadline for early release of super can be worked.
ERS at risk of significant delays: ISA
ELIZA BAVIN  |  TUESDAY, 21 APR 2020
New polling by Industry Super Australia shows close to one million people planning to access their super early don't even qualify to do so, sparking concern that those in genuine need will experience significant delays in getting their hands on the cash.
The five threats to super fund survival
HARRISON WORLEY  |  MONDAY, 20 APR 2020
A global investment management software provider believes the COVID-19 pandemic provides superannuation funds five critical issues which must be addressed to ensure survival.
CBA Group Super posts -7.7% returns for March quarter
KANIKA SOOD  |  MONDAY, 20 APR 2020
CBA Group Super's balanced option returned -7.7% in March quarter amid COVID-19 volatility, pushing its one-year returns into the negative territory while longer-term remain buoyant.
Aussies flood to ERS as applications open
ELIZA BAVIN  |  MONDAY, 20 APR 2020
The Australian Taxation Office has confirmed over 881,000 Australians have registered their interest in the government's early release scheme.
Super funds need to act like banks: PM
ELIZA BAVIN  |  FRIDAY, 17 APR 2020
The Prime Minister has called on industry super funds to invest in failing businesses, like Virgin Australia, to help sustain them during the COVID-19 crisis.
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