Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 151 - 160 of 344 results for "Early Release"

It's your money: Hume calls out Keating

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
Senator Jane Hume has called out former Prime Minister Paul Keating over his criticism of the government's Early Release of Super scheme, calling him elitist. Taking to Twitter, Hume implied the former Prime Minister was part of an elite upper-echelon ...

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
The Labor party has referred the government's Early Release of Superannuation scheme to the Auditor-General, citing administrative failures. Shadow Assistant Treasurer Stephen Jones sent the letter to the Auditor-General Grant Hehir asking him to review ...

APRA spells out unlisted asset valuation standards

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... superannuation trustees when valuing unlisted assets. It comes as the market downturn as a result of the pandemic and the Early Release of Superannuation Scheme (ERS) has led to industry concerns about the appropriate valuations of unlisted assets. Speaking ...

SG increase will be deferred: Knox

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
... ahead because it's an important boost to their retirement income given the large withdrawals we've seen from the early release scheme," she said. Campo added Cbus has performed its own internal survey of members who had accessed the ERS scheme and withdrawn ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
Reports of cybercrime increased significantly after the government announced the Early Release of Superannuation (ERS) and JobKeeper schemes, according to the Australian Competition & Consumer Commission. ACCC chair Rod Simms told the joint committee ...

ERS continues super drain

ELIZA BAVIN  |  MONDAY, 3 AUG 2020
The Early Release of Superannuation (ERS) scheme continues to drain the super system, with almost $30 billion removed from Australians' retirement savings, according to the latest APRA data. Over the week to July 26, super funds made payments to ...

Spend your money how you please: PM

ELIZA BAVIN  |  FRIDAY, 31 JUL 2020
... is not the government's place to tell Australians how to spend the money they have removed from super due to the Early Release of Super (ERS) scheme. Speaking at a press conference Prime Minister Scott Morrison said the only person who can decide how ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... off-boarded which had $115 million in funds under advice. These were offset by a number of practices joining the group. Early release of superannuation requests impacted net flows, having paid 99,174 requests totalling approximately $743 million. Mota ...

Financial comfort reliant on fiscal support: ME Bank

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
... combination of prudent financial actions by households in response to the pandemic as well as JobKeeper, JobSeeker and the Early Release of Super scheme. Almost all 11 measures that make up the Household Financial Comfort Index improved, notably the ...

Queenslanders drain super: ISA

ELIZA BAVIN  |  WEDNESDAY, 29 JUL 2020
Industry Super Australia (ISA) claims 27% of Queenslanders with a super account have accessed the Early Release of Super (ERS) scheme; the highest proportion in the nation. ISA said over 145,000 Queenslanders have wiped out their retirement savings ...