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Showing 1411 - 1420 of 4815 results for "super funds"

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... hearing. The call for explanations from the bank and ISA comes following news that ME Bank, which is owned by 26 industry super funds, had slashed redraw balances on some legacy home loans with limited notice to customers. Also up for discussion will ...

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
Deputy Treasurer Michael Sukkar confirmed the ATO has paused requests for early release being sent to super funds, as the AFP investigates identity theft. Speaking to Sky News this morning, Sukkar emphasised that the ATO has not been compromised and ...

Link feels impact of COVID-19

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2020
... about 5.4% of the payments resulted in the closure of those member accounts. Link is administrator for a number of super funds, including AustralianSuper, AMIST Super, BUSSQ, Cbus, HESTA and Hostplus. Link said it has seen increased member activity ...

Frontline worker death nominations spike

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... requests for paperwork to update death nominations from employers representing hundreds of employees." Cameron said many super funds represent frontline workers, and the concerning data suggests they are genuinely concerned about their lives and the ...

Darwinian time for super

HARRISON WORLEY  |  THURSDAY, 7 MAY 2020
... Darwinian one for Australian superannuation in many respects," Watson told the panel. While Watson is unsure of how many super funds may end up serving Australians over the next decade, he told the panel he has "no doubt" mergers will occur, and at an ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
... terms with lost wages and livelihoods, draw down on their retirement savings to weather the economic crisis. And with super funds needing to generate cash, and fast, questions remain on how this will impact equities markets. According to research house ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... one million people have applied for early release of super, amounting to $9 billion in early release payments. The super funds for workers in the industries that have been decimated by COVID-19 including Rest, Hostplus, Qantas Super, Media Super and ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... operational reasons we are unable to comment further at this stage," it said. Over a billion dollars was withdrawn from super funds in the first week of the ERS scheme being active. The ATO has said it is up to each individual to self-determine if they ...

ME Bank saga could impact super funds

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... five years ago. Most of them have their mortgage with ME Bank because they were a member of one of the 26 industry super funds that own the bank. Financial Standard reached out to several of the bank's industry fund owners but all declined to comment. ...

MySuper bounces back

HARRISON WORLEY  |  TUESDAY, 5 MAY 2020
... Rainmaker's advance SelectingSuper index is based on an analysis of 20 MySuper products offered by not-for-profit super funds which publish daily unit prices. Products in the index represent $522 billion being around two thirds of the MySuper sector. ...