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Showing 1051 - 1060 of 3208 results for "Scheme"

Raiz shuffles leadership team

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... from the previous corresponding period despite over $7 million being withdrawn as a result of the Early Release of Super scheme. Lucas said he is proud to be reporting the results considering the volatility and economic uncertainty in the second half. ...

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... (ASFA) called for the SG increase to go ahead and an expansion in the coverage of the Fair Entitlements Guarantee (FEG) scheme. ASFA said the FEG scheme needs to be expanded to cover unpaid employer superannuation contributions as a result of the economic ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... to superannuation in the June quarter were mildly greater than the amount removed due to the government's early release scheme, according to the latest figures published by APRA. Contributions in the June 2020 quarter were $33.6 billion, while lump sum ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
... when it introduces that increase. Macquarie used to manage the money held in cash accounts through a managed investment scheme which invested in a deposit with Macquarie Bank. From December, cash accounts will be moved to a direct deposit with Macquarie ...

AIST calls for top-ups for low-income ERS recipients

ANNABELLE DICKSON, KANIKA SOOD  |  MONDAY, 24 AUG 2020
... each dollar in the 2021/22 and 2022/23 financial years. "Increasing the value of the current government co-contribution scheme will provide an incentive for some to make extra payments as they are able to," AIST said. Despite this, AIST said the legislated ...

ERS applications slow

ELIZA BAVIN  |  MONDAY, 24 AUG 2020
Over $31.6 billion has been removed from superannuation since the start of the Early Release of Superannuation (ERS) scheme, but applications appear to be slowing down. In the week to August 16, around $600 million was paid out to members, down from ...

Chief economist update: Gone fishing

BENJAMIN ONG  |  MONDAY, 24 AUG 2020
"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime." Reserve Bank of Australia (RBA) governor Philip Lowe didn't exactly quote this proverb when he testified before the House of Representatives Standing ...

Suncorp wealth business down

ELIZA BAVIN  |  FRIDAY, 21 AUG 2020
... wealth business has been supporting members impacted by COVID-19 through the government's Early Release of Super (ERS) scheme. It said as at 30 June 2020, the wealth business has made approximately $99 million in ERS payments to around 13,000 members. ...

ASIC takes action against BTFM, Asgard, StatePlus

JAMIE WILLIAMSON  |  THURSDAY, 20 AUG 2020
... anniversary date at which an advice client would be entitled to their annual review. It also maintained a financial incentive scheme that, before 1 July 2018, contained new advice revenue targets that had to be met before the adviser would receive an ...

ATO implements JobKeeper changes

ELIZA BAVIN  |  THURSDAY, 20 AUG 2020
... Office (ATO) has implemented changes to the JobKeeper employee eligibility rules following the government's announcement the scheme would be altered. The changes mean employers already enrolled in JobKeeper may be able to receive the JobKeeper payment ...