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Showing 161 - 170 of 344 results for "Early Release"

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... insurance and First State Super has seen an increased appetite for members to review cover. On the other hand, the Early Release of Super scheme (ERS) is causing problems for life insurance cover and is leaving people exposed. "We have been proactive ...

Aussie investors unhappy with pandemic performance

ANNABELLE DICKSON  |  TUESDAY, 28 JUL 2020
... the end of 2020. bfinance Australian senior director Frithjof van Zyp said: "The sudden introduction of the super early release scheme will have likely further contributed to superfunds having to rethink their strategic asset allocations." The survey ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... Council Life Insurance Summit Senator Jane Hume has said "fake news" about consumers losing life insurance due to the early release of super has irritated her. Hume said consumers would not lose life insurance policies held through their superannuation ...

Repeat ERS applications hit one million

ELIZA BAVIN  |  MONDAY, 27 JUL 2020
Over one million Australians have accessed the second tranche of Early Release Super as over $28 billion has been removed from the system. Over the week to July 19, 219,000 applications were received, of which 56,000 were initial applications and 163,000 ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
... politicians and the industry focus on the critical matters that will make our world-leading system even stronger." On early release of super and super guarantee, it noted: "When we add in Early Release Schemes [extended yesterday, at a budget cost of ...

Super to lose $3tn by 2040

JAMIE WILLIAMSON  |  FRIDAY, 24 JUL 2020
... trillion. This follows the news that more than $30 billion has so far been withdrawn from the system as part of the early release of super scheme, with more anticipated to be withdrawn over the next six months after the government's announcement ...

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 ...

Super fund COVID-19 requirements to remain

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... enables the regulator to conduct an ongoing assessment of the impact of the coronavirus and the government's early release scheme (ERS) on superannuation licensee and provides insight into member switching, investment options, foreign currency exposure ...

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
... asked 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 ...