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

Search Results

Showing 201 - 210 of 588 results for early release of super

ERS to lead to rising pension costs, higher taxes

ALLY SELBY  |  WEDNESDAY, 2 SEP 2020
Industry Super Australia has slammed the government's early release of superannuation scheme, arguing it will significantly increase the long-term Age Pension costs borne by taxpayers. Total retirement incomes will be substantially lower, it said, while ...

APRA reviews priorities in super

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
Unlisted asset valuations, early release of superannuation and heatmaps are some of the key areas APRA will prioritise over the next 12-18 months. COVID-19 has forced APRA to reassess the urgency of a number of key initiatives affecting superannuation ...

ERS withdrawals surpass $32bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
Retirement savings withdrawals have surpasses $32 billion since the introduction of the government's Early Release of Super (ERS) scheme. Over the week to August 23, 59,000 applications were received by funds of which 35,000 were initial applications ...

APRA expands super data collection

ELIZA BAVIN  |  FRIDAY, 28 AUG 2020
... APRA added that it is now seeking feedback from industry ahead of finalising the nine reporting standards linked to Phase 1 early next year with Phase 2, depth, commencing shortly after. APRA deputy chair Helen Rowell said the Superannuation Data Transformation ...

Female access to ERS to widen gender super gap

ANNABELLE DICKSON  |  FRIDAY, 28 AUG 2020
The Early Release of Superannuation (ERS) scheme is expected to impact female workers and widen the gender superannuation gap according to The Australian Institute of Superannuation Trustees (AIST) and Women in Super. New data shown at the annual Women's ...

COVID-19 may delay retirement: WTW

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... income levels. The research, Impact of COVID-19 on Retirement Adequacy, looked at COVID-related factors beyond the Early Release of Super (ERS) scheme to include investment returns, switching behaviour and unemployment. The projections illustrated that ...

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... keep our business running during COVID-19. " McMurtie said the business had done well to execute the government's Early Release of Super (ERS) scheme which was recently extended until the end of the year. "Our technology, scale and expertise have enabled ...

Raiz shuffles leadership team

ANNABELLE DICKSON  |  WEDNESDAY, 26 AUG 2020
... to $70 million from the previous corresponding period despite over $7 million being withdrawn as a result of the Early Release of Super scheme. Lucas said he is proud to be reporting the results considering the volatility and economic uncertainty in ...

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... substantial increase in the number of insolvencies. "The terrible combination of drained superannuation accounts through early release and dried up super contributions from employers can have a devastating impact on retirement savings," ASFA chief executive ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... Contributions to superannuation in the June quarter were mildly greater than the amount removed due to the government's early release scheme, according to the latest figures published by APRA. Contributions in the June 2020 quarter were $33.6 billion ...