HESTA

Superannuation

Did 5% of super early release applicants empty their accounts?

New data has emerged suggesting as many as 5% of early release superannuation applicants entirely emptied their accounts while just 10 superannuation funds paid around 68...

Superannuation

Early release headed towards $38 billion

When the Government’s early release superannuation scheme comes to an end, 10 funds will have made over 60% of the payments, most of them being industry funds....

People & Products

Assemble constructs board

The build to rent developer has announced its newly-formed board which includes a former Hesta chair and two senior AustralianSuper executives. ...

Financial planning

Super fund claims cost of advice is 'commercially sensitive'

The cost of providing advice to members is "commercially sensitive” and releasing it would not be in the best interests of members, according to major health industry sup...

Financial planning

Hume hits back at concerns budget measures were inadequate for women

The Federal Budget has not done enough to address systemic weaknesses in the economy according to a super fund but the Assistant Minister for Superannuation, Financial Se...

Superannuation

Mega-super fund outflows would have sunk many smaller industry funds

The latest data around the Government’s hardship early release superannuation regime has confirmed that only mega-funds could have coped with the level of outflows genera...

Funds management

Divestment won’t reduce carbon emissions

There is a place for divestment if the risk cannot be mitigated but it is the engagement process that can help change business practices that is more constructive, accord...

Superannuation

Super funds’ targeting net zero accelerate

In the past three months, Cbus, HESTA and UniSuper have publicly stated their intention to move to net zero emissions by 2050, according to a new report. ...

Superannuation

How an industry fund has piled in on an AMP class action

A major industry superannuation has confirmed its involvement as a party in class actions against AMP Limited, the Commonwealth Bank and Westpac....

Superannuation

How super early access has staunched the SG rivers of gold

Data analysis around the Government’s hardship early release superannuation regime has revealed that the ‘rivers of gold’ inflows generated by the superannuation guarante...

Superannuation

Federal Government’s action will double early release drawdowns

Superannuation fund industry representatives are expressing concern as funds face outflows of more than $60 billion as a result of the Government’s three-month extension ...

Superannuation

The super funds taking the multi-billion dollar hits from early release

Superannuation fund members returning to access the $10,000 second tranche of the Government’s hardship early release superannuation regime have dominated the latest Aust...

Superannuation

Predicted 2nd tranche early release surge become a reality

Superannuation fund executives have confirmed that the predicted second tranche early release superannuation surge has become a reality....

Superannuation

APRA predicts second tranche early release surge

Just over $18 billion has already been taken from superannuation accounts via the Government’s hardship early release superannuation scheme and the Australian Prudential ...