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Showing 271 - 280 of 344 results for "Early Release"

Super funds probed on liquidity, rental assistance measures

KANIKA SOOD  |  MONDAY, 6 APR 2020
... funds last Wednesday, Wilson has asked funds to submit answers to 14 questions. The questions cover four key areas: early release of superannuation, unlisted assets, liquidity management and rental assistance for small-medium enterprises. For early release ...

Industry bodies work to ease regulatory burdens

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
... relief will be provided. However, the regulator is concerned about the scams that have been popping up around the early release of super. "If they do provide regulatory relief there will be some tight rules around it. It'll be restricted to this particular ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... financial advice. "I think every scammer in the country is going to be trying to convince someone to use the new early release provisions. There'll be someone who constructs a scam around that and they'll be dealing with people who are desperate ...

Is it time to lean on the Future Fund?

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... announced its decision to defer drawing down from the Future Fund until at least 2026-27. Recent measures, such as early release from superannuation for people whose jobs have been affected by COVID-19 begs the question: should the Future Fund be called ...

Bigger balances, bigger blow: Elia

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
... said it's the super funds with higher average account balances that should be worried about the impact of the early release scheme. Hitting back at public commentary suggesting the fund will be disproportionately impacted by the government's ...

Super fighting a war on three fronts: KPMG

HARRISON WORLEY  |  THURSDAY, 2 APR 2020
... operational effectiveness, and insurance all simultaneously competing for attention. As a result of the government's Early Release Scheme (ERS), super funds find themselves implementing the means to fulfil their new responsibilities to members, while ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation funds to send two key measures for their base case: the number ...

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... Hume's comments come as the sector grapples with the liquidity considerations posed by the government's Early Release Scheme (ERS), which will see eligible Australian's allowed to withdraw up to $10,000 from their super savings this financial ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has confirmed the Australian Taxation Office will be responsible for verifying early release super requests. Hume, the assistant minister for superannuation, financial services and financial technology, told the AFR Wealth Summit the ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... superannuation Jo-Anne Bloch told Financial Standard that Mercer has established a team to develop its approach to early release payments. "Our goal is to be ready to make these payments by mid-April, when the ATO starts approving requests," Bloch said. ...