Tag: retirement savings security
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SMSF Members Urged to Understand Superannuation Access Rules
Understanding superannuation access rules is crucial for SMSF members navigating retirement to prevent illegal access to their retirement funds. Failure to meet the conditions of release could inadvertently lead to unauthorized early withdrawals, emphasizing the importance of clear documentation, according to a technical specialist. A PRACTICAL GUIDE TO AUSTRALIAN SUPERANNUATION: A Plain-English Guide to Maximising…
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HESTA Freezes Services, Impacting Over a Million Members Until June
Superannuation fund HESTA has announced a freeze on its services in a planned outage, impacting over a million members who will be unable to access their funds until June. The move is part of the fund’s transition to a new administration provider, a process that began in February. While HESTA has provided information about the…
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Boost Your Retirement: Exciting Superannuation Updates Ahead
Australian superannuation funds are facing a crisis as cyber attacks have targeted members’ money, resulting in significant losses. The nation’s largest retirement fund, AustralianSuper, has been at the forefront of these attacks, with several members losing a substantial amount of their savings. This alarming situation has left many fund members unable to access their accounts,…