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Showing 71 - 80 of 332 results for "Early release"

Financial services sees improved mental health

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... government measures designed to ease the financial hardship faced by many Australians. Helping Australians navigate the early release of super scheme, mortgage deferrals and reductions, and broader legislative changes, saw many in the industry working ...

APRA releases final ERS figures

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
APRA has revealed the final figures representing the impact of the government's early release of super scheme which saw 3.5 million Australians dip into their retirement savings. Over the duration of the scheme, $37.3 billion was removed from the superannuation ...

Industry fund promotes for GM role

JAMIE WILLIAMSON  |  FRIDAY, 5 FEB 2021
... the fund, if not industry, including market volatility during the first months of the COVID-19 pandemic and the early release of super scheme," he said.

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... companies being rocked by bushfires at the start of the year, and the super industry reacting to the government's early release scheme. APRA chair Wayne Byres said impact on households and businesses across the country was profound and dramatic. "APRA-regulated ...

Raiz Super regains losses

ANNABELLE DICKSON  |  WEDNESDAY, 27 JAN 2021
... platform grew its superannuation funds under management by nearly 15% in the December quarter despite the impact of the early release of super scheme (ERS). Raiz Invest's superannuation portfolio swelled to $81 million or 14% from $64 million after losing ...

ERS a setback for young workers

KARREN VERGARA  |  MONDAY, 25 JAN 2021
Young workers who took advantage of the early release of superannuation have less than $1000 in their nest egg, a new study that details the impact of the scheme shows. The Australian Institute of Superannuation Trustees (AIST) found nearly one million ...

NSW pocketed $10bn from ERS

KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
More than one million New South Wales residents took advantage of the early release of superannuation scheme, withdrawing $10 billion, new analysis shows. Industry Super Australia looked at the popularity of the ER S scheme across suburbs and found ...

Crackdown on ERS scams continues

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... Taxation Office (ATO) has confirmed it is still working with the Australian Federal Police (AFP) to crack down on early release of super scams which cost Australians over $6 million. Combined, the value of scams rose 23% in 2020, with a rise in investment ...

Platforms start to shake ERS impact

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
Platform inflows are returning to normal as the impact of government's early release of superannuation starts to wear off, according to Credit Suisse. In the September quarter, platforms reported $1.9 billion in outflows. However, if you exclude $3.9 ...

ERS had little effect on funds: Research

ELIZA BAVIN  |  TUESDAY, 22 DEC 2020
Large outflows experienced by some super funds as a result of the government's early release of super scheme had little impact on fund performance, according to new research from the University of Melbourne. The research, conducted by James Brugler ...