The Government should consider early access to superannuation for people impacted by the bushfires, according to the head of advice for financial planning dealer group, Infocus, George Kovanis.
In a message posted to the Prime Minister, Scott Morrison on social media, Kovanis said one solution to assist those impacted by the bushfires might be the ability to access preserved superannuation benefits.
“This is their money, they have worked hard to accumulate and in some cases if not most may be all that they have left,” his message said.
Kovanis said he hoped the message would be well-received.
“This is one piece of policy that would receive bipartisan support and that of the community it would ease the immediate financial burden and would provide some sort of buffer for those who need it most,” he wrote.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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