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Big super warns huge jump in withdrawals may hurt recovery

Joanna Mather, Tony Boyd and Aleks Vickovich
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AustralianSuper chief executive Ian Silk has warned the government may have underestimated the number of people who will access their super during the coronavirus crisis, which could in turn limit the scope for industry funds to recapitalise corporate Australia during the recovery from the pandemic.

Ian Silk says projections of withdrawals from super funds may have been underestimated. Rohan Thomson

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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
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    Original URL: https://www.afr.com/policy/tax-and-super/big-super-warns-huge-jump-in-withdrawals-may-hurt-recovery-20200402-p54gew