Economics
Australia Pension Funds Fear Early Access May Compound Pressure
- Workers can withdraw A$10,000 this financial year and next
- Government says funds have plenty of cash to meet demand
A woman holding a walking cane walks along a street in Sydney.
Photographer: Brendon Thorne/Bloomberg
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Australia’s pension funds fear government moves to give people early access to their retirement savings to cushion financial hardship will compound pressures caused by the market rout.