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Showing 131 - 140 of 168 results for "ERS"

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 ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... the next five days," he said. The Australian Taxation Office said it had received 975,300 registrations of interest for the ERS scheme before applications officially opened on April 20. "In terms of the number of people registering, this should be used ...

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
The ATO has confirmed the first batch of ERS applications have been sent to superannuation funds. The ATO said the implementation of the early release of super scheme for those financially effected by the COVID-19 crisis is progressing well. "We are ...

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... collection form. The announcement comes after the regulator said funds will be given five days to pay members through the ERS scheme. In exceptional circumstances, APRA acknowledged that the process for making a payment may take longer, however still ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... an ambit claim." ATO figures show that over 880,000 Australians have registered their interest in accessing the governments ERS scheme. Funds have been given five days to release a member's money once they receive the request from the ATO.