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Showing 111 - 120 of 266 results for %22Early Release Scheme%22

SG increase will be deferred: Knox

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
... because it's an important boost to their retirement income given the large withdrawals we've seen from the early release scheme," she said. Campo added Cbus has performed its own internal survey of members who had accessed the ERS scheme and withdrawn ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
Reports of cybercrime increased significantly after the government announced the Early Release of Superannuation (ERS) and JobKeeper schemes, according to the Australian Competition & Consumer Commission. ACCC chair Rod Simms told the joint committee ...

ERS continues super drain

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
The Early Release of Superannuation (ERS) scheme continues to drain the super system, with almost $30 billion removed from Australians' retirement savings, according to the latest APRA data. Over the week to July 26, super funds made payments to ...

Spend your money how you please: PM

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
... is not the government's place to tell Australians how to spend the money they have removed from super due to the Early Release of Super (ERS) scheme. Speaking at a press conference Prime Minister Scott Morrison said the only person who can decide how ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... off-boarded which had $115 million in funds under advice. These were offset by a number of practices joining the group. Early release of superannuation requests impacted net flows, having paid 99,174 requests totalling approximately $743 million. Mota ...

Financial comfort reliant on fiscal support: ME Bank

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... combination of prudent financial actions by households in response to the pandemic as well as JobKeeper, JobSeeker and the Early Release of Super scheme. Almost all 11 measures that make up the Household Financial Comfort Index improved, notably the ...

Queenslanders drain super: ISA

ELIZA BAVIN  |  WEDNESDAY, 29 JUL 2020
Industry Super Australia (ISA) claims 27% of Queenslanders with a super account have accessed the Early Release of Super (ERS) scheme; the highest proportion in the nation. ISA said over 145,000 Queenslanders have wiped out their retirement savings ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... insurance and First State Super has seen an increased appetite for members to review cover. On the other hand, the Early Release of Super scheme (ERS) is causing problems for life insurance cover and is leaving people exposed. "We have been proactive ...

Aussie investors unhappy with pandemic performance

ANNABELLE DICKSON  |  TUESDAY, 28 JUL 2020
... of 2020. bfinance Australian senior director Frithjof van Zyp said: "The sudden introduction of the super early release scheme will have likely further contributed to superfunds having to rethink their strategic asset allocations." The survey revealed ...

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 ...