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Showing 111 - 120 of 588 results for early release of super

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
... retail investment decisions. ASIC said it will expand monitoring of social media platforms and moderators to facilitate early detection of unlicensed advice and research, and engage with providers to drive behavioural change, monitor unlicensed activity ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... declined 5.3 per cent, and pension payments ($38.6 billion) declined 5.8 per cent representing normalisation to pre-Early Release Scheme levels," APRA said. APRA said it will release the Quarterly MySuper Statistics for the June 2021 quarter on August ...

World Pension Alliance condemns COVID early release

KANIKA SOOD  |  THURSDAY, 19 AUG 2021
... mechanisms. This would leave almost six million residents without any retirement savings. In Australia, the total COVID early release withdrawals of $36.4 billion during 2020 were a smaller fraction of total superannuation assets of $3 trillion, than ...

AMP flags recovery, profit jumps

KARREN VERGARA  |  THURSDAY, 12 AUG 2021
... $2.7 billion, which was less severe compared to the prior period when large corporate super mandate losses and the early release of super scheme took place. AMP chief executive Alexis George said: "We really want to broaden that offering to the external ...

Superannuation complaints down 31%: AFCA

KANIKA SOOD  |  MONDAY, 5 JUL 2021
... complaints about superannuation to AFCA fell 31% in the year ending 30 June 2021, after a spike in FY20 stemming from the early release of superannuation allowed during the pandemic. AFCA did not provide a breakdown of complaint types for superannuation ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
... odds with the central bank. Commonwealth Bank predicted that the RBA would lift interest rates by late-2022; Westpac by early-2023; the ANZ expects two hikes - one in mid-2023 and another by the end of that year. Only NAB agreed with the RBA's assurance. ...

New chair of BT Super trustee board

ELIZABETH MCARTHUR  |  MONDAY, 28 JUN 2021
... to the board. "Under David's stewardship BT members were supported with more than 230,000 applications for early release super payments through COVID-19 totalling around $1.9 billion," he said. "Members have also been migrated from legacy super products ...

Aussies lose $328m to investment scams

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... than 1500 incidents relate to superannuation scams resulting in over $6.4 million in losses, mostly prompted by the early release of superannuation scheme. Worryingly, it appears that people find it increasingly difficult to identify legitimate investment ...

Family law super reforms released

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... best in practice." The development comes after the government abandoned its controversial proposal to extend the early release of superannuation to family and domestic violence survivors.

Accessing super cements inequality: Report

ELIZABETH MCARTHUR  |  TUESDAY, 25 MAY 2021
... assessed the impact of COVID-19 on low-income earners in Australia, with findings illustrating harm caused by the early release of super program. The Brotherhood of St Lawrence Shocks and Safety Nets report found that financial wellbeing decreased for ...