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

Search Results

Showing 171 - 180 of 344 results for "Early Release"

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
... Right 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 ...

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 sees 300,000 repeat applications

ELIZA BAVIN  |  WEDNESDAY, 15 JUL 2020
... delay some funds. "High volumes of applications are expected for the start of the second tranche of the COVID-19 Early Release Scheme in early July," APRA said. "This may impact the processing time for payments being made by funds." The reason for the ...

Private equity weathers COVID-19 crisis: Research

ALLY SELBY  |  THURSDAY, 9 JUL 2020
... One factor impacting private equity allocation among super funds is liquidity, she said, with the government's early release scheme forcing many to adjust portfolio weightings to more liquid assets, like equities and cash. "APRA data for the March ...

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
... Hostplus' former 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 ...

Balanced options in the red, but only just

ALLY SELBY  |  TUESDAY, 7 JUL 2020
... months. FUM for the offering has lifted as global markets rebounded - despite drawdowns from the government's early release scheme. Raiz Super has seen its FUM lift 2.2% in the past month, and 5.3% over a three-month period. "The June numbers are ...

APRA warns of ERS second wave

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
APRA 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 ...

ATO crashes amid tax return, ERS rush

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... ATO said it was aware that a number of Australians trying to access its website to lodge returns or apply for the early release of super experiences issues with its systems. "This disruption was the result of a small component failure, which has reduced ...