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Raiz Invest's super offering lost a further $2 million during the month of May, with Australians taking advantage of the government's early release scheme to preemptively access their retirement savings.
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The FSC has proposed a plan to democratise investment in domestic infrastructure development, making these projects accessible to every Australian with money in superannuation.
A $2 billion industry superannuation fund is set to go live with an automated superannuation administration service in early 2021 after inking a mandate with the firm.
The industry superannuation fund for universities is the only defined benefit fund still open to new members in Australia, now it is grappling with how the sector has been decimated by COVID-19.