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Showing 101 - 110 of 332 results for "Early release"

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Industry Super Australia (ISA) has called for the end of the government's Early Release of Super scheme after Senator Jane Hume signaled the possibility of a third tranche. The assistant minister for superannuation flagged the possibility last night ...

Adviser charged with stealing super

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... report in 2019 containing concerns the fund held. Goel had submitted numerous applications to AustralianSuper for the early release of members' funds on the grounds of hardship. The report raised concerns that in the course of procuring early release ...

Australia world class in retirement wellbeing

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... he said. Australia was one of 16 countries that relaxed the hardship measures to access superannuation with its early release of super scheme but the future impacts on retirement savings are unclear. "It's too early for the GRI to assess the impact of ...

Perpetual successor fund transfer to go ahead

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... June 2019 the option ranked 52nd. Members will have limited access to services including account transactions and early release of super applications between 23 October 2020 and 16 November 2020 as the transfer is completed. The transfer means Perpetual ...

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... their first home. Mulino said that such a proposal "takes away the integrity of the scheme" and, together with the early release of super scheme, denies the benefits of compound interest, particularly for young members. "Invariably it is going [to be ...

Many who accessed ERS unsure of impact: Research

ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... uncertain about the long-term consequences of their decision. Over 3000 Cbus members who accessed the government's early release scheme were surveyed for the research. The results found that the $10,000 limit constrained withdrawal amounts and most respondents ...

ASIC extends advice, capital raising provisions

ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
ASIC has extended the relief to financial advice that relates to the early release of superannuation scheme as well as certain capital raisings due to the uncertainty of the pandemic. The corporate regulator has extended the capped advice fees regarding ...

817 super complaints during COVID-19

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
... early July 2020." He acknowledged that there were fewer complaints about super funds during the second round of early release of super applications in the new financial year as the system had become more efficient.

ERS tab hits $33.3bn

ALLY SELBY  |  MONDAY, 21 SEP 2020
The government's early release of superannuation scheme has paid out $33.3 billion since its inception, with an additional $340 million disbursed over the week to September 13 alone. During the week to September 13, super funds received 42,199 applications ...

Hostplus can't be killed: Sicilia

ELIZABETH MCARTHUR  |  FRIDAY, 18 SEP 2020
Hostplus chief investment officer Sam Sicilia has firmly rebutted speculation that COVID-19 and the early release of super scheme could have caused a liquidity crisis, detailing a series of extreme events that wouldn't "kill the fund". "There was never ...