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Search ResultsShowing 21 - 30 of 100+ results for "Early Release of Super"
Aussies continue to drain super
ELIZA BAVIN  |  MONDAY, 12 OCT 2020
Over the week to September 27, a further 36,000 applications were received by funds for the Early Release of Superannuation (ERS) scheme. Of the 36,000 applications 22,000 were first-timers and 14,000 were repeat applications. Initial applications total ...
Effects of ERS not so bad: Grattan
ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... being removed from the super system, the Grattan Institute is sticking to its guns that the effects of the Early Release of Super scheme will not have too great of an impact on retirement outcomes. Speaking at the digital Morningstar Investment Conference ...
Super industry cautious on more reform
ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... removed no matter what type of fund they are," ISA chief executive Bernie Dean said. "With the government's early release of super scheme sending millions of members accounts backwards every dollar in saved fees and improved returns is desperately needed ...
MySuper funds face new test, member bans
KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...
ERS extension flagged, criticised
ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Industry Super Australia (ISA) has called for the end of the government's Early Release of Super scheme after Senator Jane Hume signaled the possibility of a third tranche. The assistant minister for superannuation flagged the possibility last night ...
Australia world class in retirement wellbeing
ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... Australia was one of 16 countries that relaxed the hardship measures to access superannuation with its early release of super scheme but the future impacts on retirement savings are unclear. "It's too early for the GRI to assess the impact of the early ...
Perpetual successor fund transfer to go ahead
ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
... the option ranked 52nd. Members will have limited access to services including account transactions and early release of super applications between 23 October 2020 and 16 November 2020 as the transfer is completed. The transfer means Perpetual will not ...
Super funds squander member money: Bragg
KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... home. Mulino said that such a proposal "takes away the integrity of the scheme" and, together with the early release of super scheme, denies the benefits of compound interest, particularly for young members. "Invariably it is going [to be young people] ...
ASIC extends advice, capital raising provisions
ANNABELLE DICKSON  |  THURSDAY, 24 SEP 2020
ASIC has extended the relief to financial advice that relates to the early release of superannuation scheme as well as certain capital raisings due to the uncertainty of the pandemic. The corporate regulator has extended the capped advice fees regarding ...
817 super complaints during COVID-19
ELIZABETH MCARTHUR  |  WEDNESDAY, 23 SEP 2020
... July 2020." He acknowledged that there were fewer complaints about super funds during the second round of early release of super applications in the new financial year as the system had become more efficient.
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