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Showing 1041 - 1050 of 5165 results for "Early"

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
... significantly below APRA's desired scale of $30 billion for superannuation funds to survive. Intrust was also hit by early release of superannuation withdrawals of about $288 million last year. For Hostplus, merging with Intrust delivers a membership ...

Former van Eyk chief charged

JAMIE WILLIAMSON  |  FRIDAY, 21 MAY 2021
... business. The allegations made by ASIC relate to his conduct as an officer of the company over an almost three-week period in early 2014. The regulator alleges that between 31 January 2014 and 20 February 2014, Thomas facilitated a near-$5 million investment ...

ERS applicants $3100 worse off

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
Members who raided their retirement savings as a result of the early release of superannuation scheme could have been $3100 better off than if they had kept their balance intact, new research reveals. The McKell Institute, a thinktank, found that over ...

Chief economist: The wages of slow wages growth

BENJAMIN ONG  |  THURSDAY, 20 MAY 2021
... expectations of "around 51/4 per cent by mid 2023". Australia's unemployment rate fell to around 5.0% between late-2018 and early-2019, yet growth in total wages growth reached a high of only 2.3% during that period and the annual rate of inflation ...

What COVID-19 did to super brand

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
The government's early release of superannuation program hurt superannuation as a category brand, according to Campaign Edge creative director Dee Madigan. Taking to the stage at Conference of Major Superannuation Funds, Madigan theorised that the ...

Tempered positivity post-pandemic: Experts

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... bounced back, mostly as a function of the stimulus - although, much of that influx of cash into consumer's wallets came from early super withdrawals. And Xero data revealed that small businesses have also bounced back in Australia and New Zealand, though ...

Raw truth on merger process: Panel

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... Turner said. "Don't underestimate how much work is involved." Spirit Super brought together what would become its board early in the merger process, creating a Joint Implementation Committee. But this committee could only make recommendations and ...

Stapling will benefit Hostplus: David Elia

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
... COVID-19 at a Conference of Major Superannuation Funds panel this morning. Hostplus paid out just under 10% of the total early release of super (ERS) withdrawals. Elia said the ERS withdrawals reminded the fund of the diversification of its member base. ...

Aged care workers depended on ERS: Research

KARREN VERGARA  |  WEDNESDAY, 19 MAY 2021
Aged care employees relied more on the early release of superannuation (ERS) scheme compared to other workers health and community services sectors, research from HESTA reveals. The proportion of HESTA members who work in aged care and childhood education ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... could hold more policies that AIST thinks are not sensible ideas. For example, she theorised that there could be another early release-style program or a more radical use of super for buying homes than the First Home Super Saver Scheme.