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Showing 1171 - 1180 of 3208 results for "Scheme"

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
ASIC superannuation senior executive leader Jane Eccleston has written an article pointing to financial advisers as part of the problem in scams targeting people's super amid COVID-19. Eccleston said: "ASIC is concerned that some advisers may use the ...

Saxo Markets launches investment loyalty scheme

ALLY SELBY  |  WEDNESDAY, 20 MAY 2020
... program that offers investors rewards for trading across asset classes, including CFDs, FX, stocks and bonds. The interactive scheme will be available to all clients in Australia and also offers an attractive price point for trades - $6.99 for Australian ...

ATO allows ERS access to New Zealanders

ELIZA BAVIN  |  WEDNESDAY, 20 MAY 2020
... 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 ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... particular resulting from allocations to illiquid assets and the expected increase in benefit payments under the early release scheme - we now predict that SMSFs will again move significantly ahead of the other sectors." Though Rainmaker executive director ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... house arrest and most businesses are shuttered? But enough with the technicalities. The Morrison government's JobKeeper scheme has, no doubt, limited the nightmare scenario for the Australian labour market. This, together with the JobSeeker payments ...

Super fund pays it forward

JAMIE WILLIAMSON  |  THURSDAY, 14 MAY 2020
... passing its government stimulus on to members who have been forced to withdraw from their accounts under the early release scheme. Future Super has decided it will pass on its government stimulus to members whose account balances have dropped below $10,000 ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... of members in sectors like tourism, hospitality and retail would fare, APRA's fund-level data on the super early release scheme showed funds with very diverse membership bases also had significant volumes of early release applications. Australia's largest ...

Super must come together over cybercrime

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
... to take a unified approach to dealing with cybercrime, in the wake of fraud attempts on the government's Early Release Scheme. According to Bower, a unified approach will help to protect the industry given the high number of parties involved in super's ...

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
... has been forced to revise the modelling underpinning their calculations of the impact of the government's Early Release Scheme on retirement balances. An ASIC missive caused the peak body for industry superannuation to reconsider how it calculated the ...

Majority of ERS applications from low balance accounts: AMP

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... the hospitality, arts, recreation, manufacturing and wholesale trade industries had highest rates of applications for the scheme. AMP said it received 52,379 applications from clients in the first two weeks since the scheme launched, releasing approximately ...