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Showing 121 - 130 of 344 results for "Early Release"

ERS tab hits $33.3bn

ALLY SELBY  |  MONDAY, 21 SEP 2020
The government's early release of superannuation scheme has paid out $33.3 billion since its inception, with an additional $340 million disbursed over the week to September 13 alone. During the week to September 13, super funds received 42,199 applications ...

Hostplus can't be killed: Sicilia

ELIZABETH MCARTHUR  |  FRIDAY, 18 SEP 2020
Hostplus chief investment officer Sam Sicilia has firmly rebutted speculation that COVID-19 and the early release of super scheme could have caused a liquidity crisis, detailing a series of extreme events that wouldn't "kill the fund". "There was never ...

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... result of the Protecting Your Super and Putting Members Interests First legislative changes. The fund also cites the Early Release of Superannuation scheme as a driver, with APRA stats out today showing legalsuper has paid about $50 million out under ...

Super fund boss remuneration on the agenda

KARREN VERGARA, ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
... not been impacted. Our job is to invest money. Our job has also been to assist the government in relation to its early release scheme payments...," he said. An investigation by News Corp found Elia was the highest paid chief executive last financial ...

ERS sees Cbus members forfeit TPD cover

ANNABELLE DICKSON  |  FRIDAY, 11 SEP 2020
Cbus has argued the Early Release of Super (ERS) scheme has been detrimental to many Cbus members, having withdrawn their entire balance and seeing the cancellation of their total permanent disability insurance. Speaking at the House of Representatives ...

Industry fund hikes premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 9 SEP 2020
... withdrawn. This does not impact full claims or rollovers, or any early access to super granted, including under the early release of super scheme. Finally, Intrust announced it will transition to daily unit pricing from December 1.

Majority of ERS applications double dippers

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
The majority of payments made through the government's Early Release of Super (ERS) scheme have been double dippers, according to the most recent APRA data. In the period from the scheme's inception until end of financial year, 2.54 million applications ...

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
Industry Super Australia has slammed the government's early release of superannuation scheme, arguing it will significantly increase the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while ...

APRA reviews priorities in super

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
Unlisted asset valuations, early release of superannuation and heatmaps are some of the key areas APRA will prioritise over the next 12-18 months. COVID-19 has forced APRA to reassess the urgency of a number of key initiatives affecting superannuation ...

ERS withdrawals surpass $32bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
Retirement savings withdrawals have surpasses $32 billion since the introduction of the government's Early Release of Super (ERS) scheme. Over the week to August 23, 59,000 applications were received by funds of which 35,000 were initial applications ...