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Showing 181 - 190 of 223 results for "Early Release of Super"

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 ...

Aussies flood to ERS as applications open

ELIZA BAVIN  |  MONDAY, 20 APR 2020
The Australian Taxation Office has confirmed over 881,000 Australians have registered their interest in the government's early release scheme. An ATO spokesperson told Financial Standard that while official applications for the COVID-19 early release ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... The regulator acknowledged that while the process for determining and paying amounts under the COVID-19 early release of super measure is different to the usual process RSE licensees are expected to act in accordance with the ATO determination. "The ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... Nick Coates: "This is a sensible and measured expansion of restrictions on intra-fund advice about the early release of super scheme, which will allow fund advisers' to take into account members' personal circumstances and their households." "Accessing ...