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Showing 251 - 260 of 344 results for "Early Release"

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
... the first 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 ...

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
... 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 release ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... Bragg said. The questions come after ongoing concerns about super funds ability to release members money through the Early Release Super scheme in response to COVID-19. Bragg said he wants to know when the regulator last asked funds to self-assess their ...

No liquidity support for super: RBA

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
Reserve Bank governor Philip Lowe said while some super funds may shrink as a result of the governments early release scheme, they are well placed to manage the withdrawals. Lowe said the industry as a whole should be able to cope with the number of ...

Ethical fund manager wears $520m hit

HARRISON WORLEY  |  TUESDAY, 21 APR 2020
... superannuation offering. The wealth manager said that even when combined with the impact of the government's Early Release Scheme, the pandemic won't pose a liquidity problem for the fund, with additional stress testing showing it will meet redemption ...

Five day deadline tough but workable

ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
... Australia's 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 ...

ERS at risk of significant delays: ISA

ELIZA BAVIN  |  TUESDAY, 21 APR 2020
... to see [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 ...

SuperFriend bolsters support offerings as demand peaks

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... inquiries from super fund members aiming to gain early access to their retirement savings through the government's Early Release Scheme. "The way we work has shifted significantly this year without giving us much time to adjust to the 'new norm'," SuperFriend ...

Aussies flood to ERS as applications open

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... 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 of ...