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Showing 121 - 130 of 162 results for "ERS"

Software provider launches ERS tech solution

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
... technology solution that will enable its clients to better manage early release requests. Bravura Solutions has announced an ERS capability that will allow clients to commence processing the ATO's ERS payments from the April 20 commencement date. The ...

Superannuation startup launches raise

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... the government's early access to superannuation scheme won't affect its growth projections. "Nobody has requested ERS so far...self-employed people have a very different and perhaps stronger relationship with superannuation as compared to employees ...

FPA launches new ROA solution template

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2020
... The FPA has called on licensees to support the initiative and allow financial advisers to use the template for the COVID-19 ERS scheme. "Financial advice is of national importance, especially in times like now, our members need to be armed with the tools ...

ERS shaves $4m off Raiz Super

ALLY SELBY  |  TUESDAY, 5 MAY 2020
The government's early release scheme shaved $4 million from Raiz Invest's superannuation offering, as members drew down on their savings to weather the COVID-19 crisis. Funds under management in Raiz Invest Super fell 6.7% over the past three months ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
... Hostplus told Financial Standard as at close of business on Friday, 24 April 2020, it had received 84,613 claims under the ERS scheme. The fund has paid out a total of $603 million so far, with an average claim of $7134. UniSuper has received 7250 requests ...

ERS top of mind for advisers

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
Early release of super was the topic most frequently asked about by advisers during March and April, according to new figures from AMP's technical adviser support team. The next most asked about issue was minimum pension drawdowns as the government ...

Super funds release $1.3bn

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
APRA has released the first Early Release Super (ERS) figures, showing $1.3 billion has been paid to members in the first week of the scheme. Under APRA's Early Release Initiative (ERI) data collection, superannuation trustees were asked to submit data ...

How Cbus is servicing early release requests

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
... mainly to be ready to deploy for opportunities," he said. It also redeemed early from some hedge fund strategies prior to the ERS legislation announcement and some liquid fixed income positions. Cbus also had access to incoming SG contributions and ...

ATO to determine duplicate ERS applications

ELIZA BAVIN  |  WEDNESDAY, 29 APR 2020
... determine if a person has made a duplicate application, telling funds to follow its determination. In an update to the ATO's ERS design and implementation document, the ATO said while the application process does not preclude an individual applying multiple ...

Industry fund revalues unlisted assets

HARRISON WORLEY  |  TUESDAY, 28 APR 2020
... 10x impact compared to Treasury's current assumptions when modelling the impact of the government's Early Release Scheme (ERS), and said its options would remain diversified even in the worst case. "Our internal data team used a conservative number of ...