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Showing 21 - 30 of 164 results for "ERS"

APRA releases final ERS figures

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
... duration of the scheme, $37.3 billion was removed from the superannuation industry from 20 April 2020 to 31 December 2020. The ERS scheme surpassed Treasury's initial estimates of $29 billion but has fallen short of its revised estimates of $42 billion ...

Australians Googling for advice

KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... publications. The research also lined up the articles that Australian readers engaged with the most. Superannuation topics -- such as ERS impact and unlicensed advice from real estate groups to use super for rent -- came out on top, accounting for seven ...

IOOF buffeted by advice restructure

ELIZA BAVIN  |  THURSDAY, 28 JAN 2021
... IOOF's open architecture approach and enabling choice for our clients," Mota said. "This quarter has seen ongoing impacts of ERS, especially the final opportunity for early access. As well, we have experienced the ongoing impacts of COVID, including ...

Raiz Super regains losses

ANNABELLE DICKSON  |  WEDNESDAY, 27 JAN 2021
... superannuation funds under management by nearly 15% in the December quarter despite the impact of the early release of super scheme (ERS). Raiz Invest's superannuation portfolio swelled to $81 million or 14% from $64 million after losing over $6 million ...

ERS a setback for young workers

KARREN VERGARA  |  MONDAY, 25 JAN 2021
... AIST is urging the federal government to make a one-off contribution to the super of low-income earners who took advantage of ERS of about $5000. AIST chief executive Eva Scheerlinck said while the long-term impacts of COVID on the retirement savings ...

NSW pocketed $10bn from ERS

KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
More than one million New South Wales residents took advantage of the early release of superannuation scheme, withdrawing $10 billion, new analysis shows. Industry Super Australia looked at the popularity of the ER S scheme across suburbs and found ...

Crackdown on ERS scams continues

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
The Australian Taxation Office (ATO) has confirmed it is still working with the Australian Federal Police (AFP) to crack down on early release of super scams which cost Australians over $6 million. Combined, the value of scams rose 23% in 2020, with ...

Platforms start to shake ERS impact

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
... Credit Suisse. In the September quarter, platforms reported $1.9 billion in outflows. However, if you exclude $3.9 billion of ERS withdrawals, platforms would have reported positive inflows of $2 billion for the period, Credit Suisse said in a January ...

ERS had little effect on funds: Research

ELIZA BAVIN  |  TUESDAY, 22 DEC 2020
Large outflows experienced by some super funds as a result of the government's early release of super scheme had little impact on fund performance, according to new research from the University of Melbourne. The research, conducted by James Brugler ...

ATO backs SMSFs as strong retirement choice

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... helped facilitate several government stimulus measures including allowing individuals early access to their super, through the ERS scheme, and retirees to temporarily reduce their minimum drawdown amount by 50%. Micale said in addition to implementing ...