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Industry funds revise ERS modellingBY HARRISON WORLEY | WEDNESDAY, 13 MAY 2020 12:15PM
Industry Super Australia has been forced to revise the modelling underpinning their calculations of the impact of the government's Early Release Scheme on retirement balances.
Read more: ASIC, ISA, Early Release Scheme, Industry Super Australia, Parliamentary Joint Committee, Robert Jeremenko, Financial Services, James Paterson, Liberal Senator, Treasury
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The corporate watchdog's executive director of wealth management has nabbed a promotion and will now assume the role of ASIC's executive director of financial services.
New research has identified that urgent short-term need for money is the main driver for people withdrawing their superannuation savings under the COVID-19 ERS scheme.
Westpac has agreed to pay a civil penalty of $1.3 billion in relation to its contraventions of the anti-money laundering and counter terrorism laws.
Victorian Funds Management Corporation has welcomed a head of client and market development to its executive team.
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