superannuation

First home buyers should be able to use their retirement savings as collateral for a mortgage, according to a parliamentary inquiry.

Following 2014 recommendations that LRBAs should be prohibited, the latest CFR report has massively downgraded their risk — mostly.

The Liberal Party has pledged to allow first home buyers to use their superannuation savings for housing deposits, but the proposal has come under scrutiny. 

The government has almost doubled the savings cap for rookie buyers working towards a house deposit under the First Home Super Saver Scheme.

BT personal and corporate super are to merge with Mercer, and Advance Asset Management is to be sold, as Westpac shakes up its super businesses