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The super funds taking the multi-billion dollar hits from early release – Money Management
News summary.
The rate at which people have lined up to access their second entitlement to early release superannuation was nearly three times that of first-timers.
What is more, the early release scheme has already cost AustralianSuper over $2.5 billion, while Hostplus has seen nearly $1.7 billion in outflows, REST has registered $1.745 billion in outflows and Sunsuper has racked up just over $1.9 billion.
That was one of the most important elements revealed in the latest Australian Prudential Regulation A…
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