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Search ResultsShowing 91 - 100 of 100+ results for "Early Release of Super"
Super release widens gender gap: AMP
ALLY SELBY  |  FRIDAY, 29 MAY 2020
... initiative to help manage through the crisis. "What we're also finding from our analysis is that the early release of super is having a deeper impact on the retirement savings of women." With women already lagging behind their male peers in long-term ...
Super fund appoints strategy lead
JAMIE WILLIAMSON  |  FRIDAY, 29 MAY 2020
... to APRA's most recent stats, Crescent Wealth has so far paid $9.4 million to members as part of the early release of super scheme.
Complaints abound during COVID-19: AFCA
ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
The Australian Financial Complaints Authority (AFCA) has received over 3180 COVID-19 related financial complaints since the pandemic was declared in March, with more than 600 directed at superannuation funds. Speaking to members at on online forum ...
ERS withdrawals surpass $10bn
ELIZA BAVIN  |  MONDAY, 25 MAY 2020
Over $10 billion has been withdrawn under the government's Early Release of Super scheme, with 70% paid out by just 10 funds. Over the period from April 20 to May 17, payments that have been made to eligible members have taken an average of 3.3 ...
From fines to prosecution: The penalties are in
ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... Taxation Office has provided insight as to the penalties that will apply to Australians who have accessed the Early Release of Super scheme despite not being eligible. The ATO has urged all Australians to carefully review the eligibility criteria and ...
Rest pays out $1bn, calls for policy certainty
JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
... morning, the $53 billion superannuation fund has paid out $1.08 billion to 153,694 members as part of the early release of super scheme. In light of this, Rest chief executive Vicki Doyle has highlighted the important role major investors, such as super ...
Advisers involved in ERS scams: ASIC
ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... happened. ASIC is also concerned that advisers may be inappropriately encouraging members to apply for early release of super and targeting funds that appear to be "more lenient" in granting the release of funds. It is not clear which funds are in qu ...
ATO allows ERS access to New Zealanders
ELIZA BAVIN  |  WEDNESDAY, 20 MAY 2020
The Australian Taxation Office is allowing New Zealanders with KiwiSaver accounts to access the Early Release of Superannuation scheme through a loophole. In an update to its Design and Implementation document, the ATO said those with a KiwiSaver account ...
Culture is key in a crisis: Australian Ethical
ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
... important to respond to their queries and in a timely manner; things like government announcement around early release of super, the market volatility that we've had, and liquidity concerns," Hughes said. Also key to culture is being agile and flexible ...
CBA sells 55% of CFS
JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... the CFS FirstChoice Superannuation Trust paid out more than $180 million to 22,529 members as part of the early release of super scheme to May 3. The CFS Rollover and Superannuation Fund paid out close to $6 million to 628 members. About 6% of the total ...
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