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Showing 131 - 140 of 223 results for "Early Release of Super"

Super to lose $3tn by 2040

JAMIE WILLIAMSON | FRIDAY, 24 JUL 2020

... This follows the news that more than $30 billion has so far been withdrawn from the system as part of the early release of super scheme, with more anticipated to be withdrawn over the next six months after the government's announcement yesterday ...

Early release of super extended

ELIZABETH MCARTHUR, KANIKA SOOD | THURSDAY, 23 JUL 2020

The government has announced an extension to the early release of super program designed to help Australians experiencing hardship as a result of COVID-19. Originally, the program was set to end on 24 September 2020. Now, people will be able to apply ...

Stimulus, ERS pushes spending up 17%

ELIZABETH MCARTHUR | TUESDAY, 21 JUL 2020

New research has demonstrated the impact of the government's stimulus package and early release of superannuation program, with a sharp uptick in consumer spending. The data from illion and AlphaBeta, part of Accenture, found consumer spending in Australia ...

Aware Super unaware of members with disabilities

KANIKA SOOD | MONDAY, 20 JUL 2020

... how the fund communicated with its member cohort with special needs for significant changes including the early release of super scheme or PMIF/PYSP changes, it pointed to the above methods. The fund said it started emailing members about the rebrand ...

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR | MONDAY, 20 JUL 2020

... Lane has suggested that Australian super funds could tip into negative cash flows due to COVID-19 and the early release of super program. Right Lane predicts that 54 of 90 super funds could be in negative cash flows by the end of the 2020 financial year. ...

ERS payments approach $30bn mark

ELIZA BAVIN | MONDAY, 20 JUL 2020

Applications for the Early Release of Super (ERS) scheme have hit $28 billion, with funds having so far paid out $25.3 billion since the start of the scheme. APRA's data shows that since the launch of the ERS scheme is April this year, over 2.8 million ...

Morrison's legacy will be retirement poverty: ACTU

ELIZABETH MCARTHUR | THURSDAY, 16 JUL 2020

The Australian Council of Trade Unions has slammed the government's early release of superannuation program, saying that Prime Minister Scott Morrison's legacy will be a wave of retirement poverty. Following the second round of early release withdrawals ...

ERS surges $7bn in a week

ELIZA BAVIN | WEDNESDAY, 8 JUL 2020

Early Release of Super payments surged around $7 billion in the first week of July, according to Treasury estimates, but this may not be a reason to panic. Treasury estimates a further $7 billion was wiped from super funds as the second tranche of applications ...

Hostplus bumps cash allocation up

ELIZABETH MCARTHUR | TUESDAY, 7 JUL 2020

... 0% allocation to cash in its balanced option prompted questions about the fund's ability to handle early release of super requests as the COVID-19 pandemic progressed earlier this year. However, the fund has now successfully paid out more than $1.5 ...

APRA warns of ERS second wave

ELIZA BAVIN | MONDAY, 6 JUL 2020

... has warned it is expecting high volumes of applications for the start of the second tranche of COVID-19 Early Release of Super scheme. The regulator said it is expecting a second wave of applications as Australians rush to remove a further $10,000 from ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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