We can help too

For all your super related questions regarding COVID19, don't hesitate to call us on the following numbers.

Member hotline
1300 300 820

Employer hotline
1300 304 947

Retirement hotline
1300 017 589

Government apps for Android and Apple

Stay informed. Download the official government Coronavirus Australia app in the Apple App Store or Google Play, or join the Government's WhatsApp channel on iOS or Android.

Useful sources of COVID19 information

WORLD HEALTH ORGANISATION provides information and updates on the Coronavirus disease (COVID) outbreak both internationally and in Australia.

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ABC CORONA DAILY PODCAST 
10 minute podcast providing an updates each day

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AUSTRALIAN GOVERNMENT DEPARTMENT OF HEALTH provides the latest information about the spread of COVID-19 and the steps being taken to slow the spread.

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VICTORIAN STATE GOVERNMENT HEALTH AND HUMAN SERVICES  provides regular updates.

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NEW SOUTH WALES HEALTH AND HUMAN SERVICES provides regular updates.

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Cheer yourself up with these links

Isolation can be hard. Here are some light hearted links that might help you through. The Australian comedy group The Chaser and the US site The Onion feature regularly updated online articles. British comedian Ricky Gervais is broadcasting regularly on Twitter and US comedian Stephen Colbert's home videos are also worth a look. For those with a literary bent, actor Patrick Stewart is reading a Shakespearean sonnet a day.  

How to keep physically and mentally fit

9 Practices To Help Maintain Mental Health During The Coronavirus Lockdown 
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5 tips to mind your mental health during the coronavirus lockdown 
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Great Ways to Work Out Indoors 
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The FBI’s Physical Fitness Test app is an informative and interactive way to train like an agent. 
Learn more >

 

Liquidity: what is it and why is everyone concerned about it?

Cash

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22 April 2020

The basics

Basically, liquidity is cash, or things that can easily be sold for cash. Illiquid assets are investments that would take longer to sell and turn into cash – for example infrastructure like airports and toll roads, or property like commercial office buildings, shopping centres and houses.  Liquidity – for both individuals and companies - becomes more important than usual when the world is facing uncertainty. For individuals, if you have a lot of illiquid assets (for example, if you own several houses) and lose your job so you have no cash coming in, you may still be well off in theory but unable to pay your bills or mortgage. The same applies to companies.

Vision Super and liquidity

Vision Super has strong liquidity. We have been steadily improving our liquidity position over the last ten years. Our outstanding contractual funding obligations are small. We have also built up our ready cash position to meet the government’s new measure for members to access up to $20,000 of their own retirement savings if they have become unemployed or suffered reduced work hours due to the Covid-19 Pandemic. There’s a good explainer of how that measure works here. We have stress tested some fairly severe impacts looking forward from our current circumstances and our liquidity remains adequate to fund our obligations, albeit with a reduced margin of safety.

What does all this mean for you?

To put it simply, if you need to get money out of your super, whether it’s because you’ve met retirement age and taking a pension, or because you’re accessing the government’s emergency measure, the cash is there for you. And it will continue to be.

Vision Super has been managing our members’ retirement savings for over 70 years, through many global changes. The current circumstances are unusual, but you can rest assured that your retirement savings are in experienced hands.

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