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Showing 101 - 110 of 215 results for "Early release of super"

Suncorp wealth business down

ELIZA BAVIN  |  FRIDAY, 21 AUG 2020
... Suncorp said its 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 ...

Superannuation critical to economic recovery

ANNABELLE DICKSON  |  THURSDAY, 20 AUG 2020
... the modern world," he said. It comes as the Master Builders Association has pushed for a proposal for the early release of super to address housing affordability. ASFA chief executive Martin Fahy said the proposal would inflate the price of a property ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
... trick them into "investing" the money in a way that would give them access. But now, with the government's early release of super measures in place, scammers have adapted and changed tact. Rickard said consumers need to be wary of anything online that ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
New research released by illion found that 38% Early Release of Super (ERS) applicants saw no drop in their income during the COVID-19 crisis, as withdrawals surpass $31 billion. The research found that the scheme has continues to drive a huge spending ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
The effects of the government's Early Release of Superannuation scheme could result in a 25 basis point loss for those who didn't take advantage of the scheme, according to REST chief executive Vicki Doyle. Speaking at the FINSIA Future of Super webinar ...

Embattled AMP sees wealth earnings dive

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
AMP has reported a near halving of its wealth management earnings and announced it is buying back Mitsubishi UFJ Trust and Banking Corporation 15% stake in AMP Capital. The embattled wealth manager has reported its first half underlying profit was $149 ...

IOOF, LUCRF Super on ERS workload

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 AUG 2020
IOOF and LUCRF Super have revealed that the government's early release of super program was one of the most challenging elements of the COVID-19 pandemic to adapt to. IOOF head of fund statutory reporting Paul Tsironis said that ERS resulted in a huge ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... some common ground with the Grattan Institute in regards to its report on the effects of the government's Early Release of Super (ERS) scheme. Part of Grattan's modelling found that millions who accessed the COVID-19 ERS scheme, and don't top up their ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... under the new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release of super (ERS) claims. Police will allege the group submitted several fraudulent applications, claiming to be other superannuation ...

New platform launches for super funds

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... some funds' gradings changed dramatically from the first Heatmap." Briant also mentioned the government's Early Release of Super scheme, which he said helped increase engagement by individuals with their super. "At the same time COVID-19 Early Release ...