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Showing 161 - 170 of 223 results for "Early Release of Super"

Rest pays out $1bn, calls for policy certainty

JAMIE WILLIAMSON  |  THURSDAY, 21 MAY 2020
... morning, the $53 billion superannuation fund has paid out $1.08 billion to 153,694 members as part of the early release of super scheme. In light of this, Rest chief executive Vicki Doyle has highlighted the important role major investors, such as super ...

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... happened. ASIC is also concerned that advisers may be inappropriately encouraging members to apply for early release of super and targeting funds that appear to be "more lenient" in granting the release of funds. It is not clear which funds are in qu ...

ATO allows ERS access to New Zealanders

ELIZA BAVIN  |  WEDNESDAY, 20 MAY 2020
The Australian Taxation Office is allowing New Zealanders with KiwiSaver accounts to access the Early Release of Superannuation scheme through a loophole. In an update to its Design and Implementation document, the ATO said those with a KiwiSaver account ...

Culture is key in a crisis: Australian Ethical

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
... important to respond to their queries and in a timely manner; things like government announcement around early release of super, the market volatility that we've had, and liquidity concerns," Hughes said. Also key to culture is being agile and flexible ...

CBA sells 55% of CFS

JAMIE WILLIAMSON  |  WEDNESDAY, 13 MAY 2020
... the CFS FirstChoice Superannuation Trust paid out more than $180 million to 22,529 members as part of the early release of super scheme to May 3. The CFS Rollover and Superannuation Fund paid out close to $6 million to 628 members. About 6% of the total ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
APRA has released fund-level data showing the progress of the early release of super scheme, with 96% of requests being met within five business days. However, several funds have taken far longer. APRA's figures to May 3 show 830,000 payments were ...

Government delays RC implementation timeline

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
... system over the course of the pandemic has been paramount, especially while administering over $9 billion in early release of super payments to more than 1 million Australians." Financial Planning Association of Australia chief executive Dante De Gori ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... legacy home loans with limited notice to customers. Also up for discussion will be ISA's calculations on early release of super. ISA published research claiming that an early withdrawal of $20,000 by a 30-year-old could mean missing out on $97,214 in ...

AMP defends hefty remuneration bill

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... release of superannuation rules. "At the end of April AMP received approximately 50,000 requests for the early release of super," he said. Confidence that the AMP Life sale would go through by 30 June 2020 was expressed by both De Ferrari and Murray. ...

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... referred to the AFP, a case of identity theft essentially, where bogus claims have been put through the early release of super scheme," Sukkar said. "This has been an extraordinarily popular scheme. In some respects, sadly popular." Sukkar added that ...