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Showing 171 - 180 of 216 results for "Early Release of Super"

Junk by name, junk by nature?

ALLY SELBY  |  THURSDAY, 30 APR 2020
Junk bonds, despite the unfortunate name, aren't the trash of the investment world, although in the current uncertain environment they sure could be. These credit products are issued by governments and companies, and offer higher rates of return ...

Adviser fears over ASIC relief

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... assisting the industry with providing affordable and timely advice during the COVID-19 crisis, namely the early release of super. As part of this, ASIC issued a temporary no-action position for superannuation trustees to expand the scope of personal ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... cannot be done through the ATO. "Non-regulated funds have their own state and territory law in regards to early release of super," the ATO said. "If an individual applies to the ATO for the release of an amount from an exempt public sector superannuation ...

Few redundancies but pay cuts abound: Recruiter

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... cuts, with Gordon seeing just one industry fund asking employees to take pay cuts. Of course, with the early release of super measures super funds are "busier than ever", Gordon said. He hasn't seen any redundancies at all in super. The pay cuts are ...

500 advisers exit during COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
Rainmaker analysis of the ASIC Financial Adviser Register shows that just shy of 500 financial advisers have left the industry in the last two months. From 27 February 2020 to 23 April 2020 the ASIC FAR dropped from 23,226 advisers (excluding time share ...

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... batch of ERS applications have been sent to superannuation funds. The ATO said the implementation of the early release of super scheme for those financially effected by the COVID-19 crisis is progressing well. "We are working closely with super funds ...

Seek financial advice: Hume

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 APR 2020
... implements regulatory relief for financial advisers. The relief will allow advisers to give clients guidance on early release of super without doing a statement of advice but advice fees on the stimulus measures will be capped at $300. The early release ...

APRA to track ERS payment times

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
APRA is set to name and shame the superannuation funds that straggle in releasing member's money to them as part of the early release scheme. APRA has launched new data collection to assess the progress and impact of the government's temporary early ...

Five day deadline tough but workable

ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
... largest superannuation administrators has responded to questions about how APRA's five day deadline for early release of super can be worked. Mercer head of industry and public sector funds Jo-Anne Bloch explained that administrators will receive a bulk ...

ERS at risk of significant delays: ISA

ELIZA BAVIN  |  TUESDAY, 21 APR 2020
... [ISA] using members' money to conduct push-polling in a tawdry attempt to undermine confidence in the early release of super mechanisms," Hume said. "At a time when the rest of the industry is working together with struggling Australians, it is sad ...

Editor's Choice

Vale Garry Wyatt

KARREN VERGARA
Garry Wyatt, the co-founder and chief executive of Insync Funds Management, has sadly passed away.

NRF appoints inaugural chief investment officer

ELIZA BAVIN
The National Reconstruction Fund has named its first chief investment officer.

First Bitcoin ETF to launch this week on ASX

ANDREW MCKEAN
VanEck will make history this week as the first investment manager to launch a Bitcoin ETF on the ASX.

More Aussies anticipate renting in retirement: Vanguard

ANDREW MCKEAN
An increasing number of Australians expect to be paying off a mortgage or forced to rent in retirement, according to the latest Vanguard How Australia Retires survey.

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