One of the nation's largest superannuation funds believes now is not the time for the RBA to step in with liquidity support, but said it's a solution which shouldn't be ruled out.

As consumers saw their superannuation balances nosedive when the COVID-19 pandemic began wreaking havoc on the market many were surprised to learn their retirement savings weren't quite as safe as they thought, reigniting the debate around 'balanced' investment options.

Sargon Capital's creditors yesterday voted unanimously to wind up the company, starting a liquidation process that could last 12 months.

Australia's largest superannuation fund is bumping up insurance premiums from May 30, less than a year on from the last increase.