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Showing 61 - 70 of 332 results for "Early release"

Women need to rebuild super: AMP

ELIZA BAVIN  |  MONDAY, 8 MAR 2021
... to AMP. AMP said over 80,000 of its women members accessed their superannuation savings, through the government's early release scheme, and withdrew a higher proportion of balances than men. "This money provided much needed assistance at a time of considerable ...

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
... Australians," Hume said. Despite the fact that about $37.3 billion was withdrawn as a result of the government's early release of super scheme, the second half of 2020 enjoyed a strong market recovery. During the quarter, net contribution flows were ...

Former Apogee adviser charged with deception

ANNABELLE DICKSON  |  TUESDAY, 2 MAR 2021
... ASIC said the services were not provided and the fees were instead rebated to his clients facilitating unlawful early release of their superannuation benefits. The latest development follows ASIC permanently banning Saad from providing financial services ...

Stimulus, ERS boost financial comfort

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
The government's stimulus spending, and reforms like the early release scheme, have boosted Australian financial comfort to record highs despite the impact of COVID-19. The ME Bank Household Financial Comfort Index improved by 2% to 5.89 out of 10 during ...

Public sector super satisfaction rises

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... 61.4%. Levine said the impact of the fall in stock valuations as a result of COVID-19 along with the government's early release of super scheme impacted members' satisfaction with their fund. "Together these factors focused people's attention ...

ERS dents Raiz Super by $13m

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
Raiz's superannuation offering paid out $13 million as a result of the early release of super scheme but managed to keep funds under management afloat. The micro-investing platform reported superannuation assets grew by 27% on the prior corresponding ...

Australian Ethical continues growth trajectory

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
... reductions in the second half of last year, threshold reductions across some managed funds in October 2020 and the early release of super scheme. Operating costs also increased by 11%. "In addition to reaching $5 billion in FUM - an audacious goal we ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
... and rolled into an SMSF where potentially it could have been illegally accessed," Micale said. "We know illegal early release can come about as a result of promoters providing blatantly wrong information to potential trustees." Micale reiterated that ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... budgeting, cash-flow planning and bill prioritisation during COVID-19. Applying for government incentives like the early release of super was also a burning question. McPherson told the recent Association of Superannuation Funds of Australia (ASFA) conference ...

Australia sweeps pension market rankings

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
... particularly impressive, given over $37 billion in outflows because of the early access to super scheme. "While early release supported members in their time of need during the pandemic, Australian funds have shown considerable resilience and they will ...