Industry super funds ask for government help amid fears of mass Covid-19 withdrawals

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Rules allowing members who lose their job due to the coronavirus crisis to withdraw money early may cost funds more than $30bn

Superannuation funds have asked the government for taxpayer backing to help them meet withdrawals by members without being forced to sell assets, as the coronavirus crisis sparks one of the worst sharemarket routs in the past 100 years.

 

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This is important.

Where is the help from the Australian billionaire / millionaire class - deafeningly silent

Who could have foreseen that?

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Belgique Dernières Nouvelles, Belgique Actualités