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Industry funds bleed as early super withdrawals top $12b

June 2, 2020 - 00:06 -- Admin

APRA has released its weekly update on the federal government’s early superannuation release policy, which reveals that another $1,590 million funds were withdrawn in the week ending 24 May, with total withdrawals topping $12.2 billion: As illustrated above, just over 1.6 million applications have been paid averaging $7,252. Breaking down withdrawals at the individual fund

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