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Showing 211 - 220 of 344 results for "Early Release"

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... COVID-19 as part of their pitch to consumers to carry out broader superannuation activities, such as the possibility of early release of superannuation, searching for lost super and consolidating their accounts." The regulator has observed some 'lost ...

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 ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... particular resulting from allocations to illiquid assets and the expected increase in benefit payments under the early release scheme - we now predict that SMSFs will again move significantly ahead of the other sectors." Though Rainmaker executive director ...

APRA releases latest ERS data

ELIZA BAVIN  |  MONDAY, 18 MAY 2020
... day guide 100% of the time. APRA said the fund-level data shows that 146 of the 177 funds that submitted data made early release payments in the period since inception to 10 May 2020. "Among all funds that submitted data, 140 (79%) completed more than ...

Super fund pays it forward

JAMIE WILLIAMSON  |  THURSDAY, 14 MAY 2020
... is passing its government stimulus on to members who have been forced to withdraw from their accounts under the early release scheme. Future Super has decided it will pass on its government stimulus to members whose account balances have dropped below ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... funds with memberships concentrated in the industries hit hardest by the COVID-19 shutdown would feel the pain of early release more are proving largely unfounded, with funds of all kinds seeing withdrawals. While much speculation surrounded how the ...

Super must come together over cybercrime

HARRISON WORLEY  |  THURSDAY, 14 MAY 2020
... industry to take a unified approach to dealing with cybercrime, in the wake of fraud attempts on the government's Early Release Scheme. According to Bower, a unified approach will help to protect the industry given the high number of parties involved ...

Culture is key in a crisis: Australian Ethical

ALLY SELBY  |  WEDNESDAY, 13 MAY 2020
... really 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 ...

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
... Australia has been forced to revise the modelling underpinning their calculations of the impact of the government's Early Release Scheme on retirement balances. An ASIC missive caused the peak body for industry superannuation to reconsider how it calculated ...

Majority of ERS applications from low balance accounts: AMP

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... clients in hardship and ensuring they receive funds efficiently and securely. "We fully support the government's early release package and we're pleased to provide our clients with quick access to their funds. The volume of applicants shows how many ...