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Showing 91 - 100 of 344 results for "Early Release"

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 ...

What you read in 2020

JAMIE WILLIAMSON | FRIDAY, 18 DEC 2020

... members. Funds with a higher proportion of younger members, such as Rest and Hostplus, and anticipating an onslaught of early release requests, began calculating the impact nationwide shutdowns would have on funds under management and their wider memberships. ...

Household wealth hits record high

ELIZA BAVIN | THURSDAY, 17 DEC 2020

... quarter, reversing some of the damage that has been done by those who removed their retirement savings through the early release of super scheme. Average household wealth increased 1.6% (up $6850) to $441,649 per person in the September quarter. The ...

COVID-19 lockdown swells financial stress

ANNABELLE DICKSON | MONDAY, 14 DEC 2020

... the national rate respectively. One in three members of AMP superannuation who work in hospitality applied for the early release of superannuation scheme, which is the most of any industry recorded. "Our industry also has an important role to play in ...

ERS costs big super funds

ELIZA BAVIN | MONDAY, 30 NOV 2020

As applications for the early release of super (ERS) scheme slow down, the nation's biggest funds have taken the brunt of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have ...

Super sneaks back to $3tn in assets

ELIZA BAVIN | TUESDAY, 24 NOV 2020

... the September 2020 quarter, according to the latest statistics from APRA. Despite the effects of the government's early release of super scheme, coupled with market volatility and a sharp economic downturn, the super system has staged a comeback. Total ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR | FRIDAY, 20 NOV 2020

... that. But once again, they're laying the groundwork for another backflip." He also pointed out that thanks to the early release of super program the government bought in to allow people to access their retirement savings to get them through COVID-19 ...

Australians drain $35bn from super

ELIZA BAVIN | MONDAY, 16 NOV 2020

Around $35 billion has been removed from Australians retirement savings as the governments' early release of super (ERS) scheme edges towards its close. Having opened in April this year in response to the immediate effects of the COVID-19 lockdown ...

ATO prepares for end of ERS

ELIZA BAVIN | THURSDAY, 5 NOV 2020

... Australian Taxation Office (ATO) has announced the end of year shutdown and program closure arrangements for the early release of super (ERS) scheme. Since April 3.3 million Australians have taken over $34 billion out of their retirement savings through ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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