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Showing 101 - 110 of 299 results for "Tranche"

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... withdrawal (14% to 12%), and there has been an increase in essential spending (22% to 24%)." The research found the second tranche of super withdrawal and spending follows the same trend as the first round, but at greater levels of spending. "While this ...

Repeat ERS applications hit one million

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
Over one million Australians have accessed the second tranche of Early Release Super as over $28 billion has been removed from the system. Over the week to July 19, 219,000 applications were received, of which 56,000 were initial applications and 163,000 ...

ERS sees 300,000 repeat applications

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
... start of the new financial year. APRA had previously warned it was expecting a high volume of applications as the second tranche opened. In total, over $19 billion has been removed from super since the ERS scheme opened with over 2.7 million applications ...

ERS surges $7bn in a week

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... but this may not be a reason to panic. Treasury estimates a further $7 billion was wiped from super funds as the second tranche of applications were lodged at the start of the new financial year. However, Rainmaker Information data shows this spike is ...

APRA warns of ERS second wave

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
APRA has warned it is expecting high volumes of applications for the start of the second tranche of COVID-19 Early Release of Super scheme. The regulator said it is expecting a second wave of applications as Australians rush to remove a further $10,000 ...

OneVue scores admin mandate

KANIKA SOOD  |  MONDAY, 29 JUN 2020
Amid the Sargon kerfuffle and an acquisition bid, OneVue has managed to snag its single biggest client in its managed funds administration business. Australian Unity Wealth & Capital Markets (AUWCM) has signed a five-year outsourced managed fund administration ...

Chi-X releases viral TraCRs stocks

ALLY SELBY  |  THURSDAY, 25 JUN 2020
... natural that it is also informing the way Australians invest and the types of stocks they want," Jokovic said. "Our latest tranche of TraCRs allow Australian investors to gain single-stock exposure to the US companies that are at the forefront of shaping ...

Westpac sells legacy stake in Pendal

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... billion for Westpac, as at March end. Westpac said it will continue to withdraw funds managed by Pendal, with a $1 billion tranche expected later this calendar year and a second tranche of about $0.08 billion late next calendar year. The strategic review ...

APRA quashes super liquidity concerns

HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... scheme's impact was "broadly" tracking closer in line to Treasury's forecasts. "Ultimately there's still a whole second tranche to go and how that plays out will be dependent on how the economic environment plays out," Byres said. "I hesitate to offer ...

TCorp funding hits $10bn since late March

ALLY SELBY  |  MONDAY, 4 MAY 2020
... explored various funding activities to continue to meet the public sector's needs in the state. These include a dual tranche fixed and floating rate transaction, which raised $3.2 billion, as well as an increase to its 2025 floating rate note for ...