Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 461 - 470 of 1300 results for "Request"

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
Australians have withdrawn $1.3 billion of superannuation in just the first week of new early release rules to help those suffering financial hardship as a result of COVID-19. Funds have paid a total of 162,879 early release applications so far out ...

Super funds release $1.3bn

ELIZA BAVIN  |  MONDAY, 4 MAY 2020
APRA has released the first Early Release Super (ERS) figures, showing $1.3 billion has been paid to members in the first week of the scheme. Under APRA's Early Release Initiative (ERI) data collection, superannuation trustees were asked to submit data ...

How Cbus is servicing early release requests

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
Cbus chief investment officer Kristian Fok says the $56 billion fund is seeing a slowdown in early access requests, as members also start to reverse out of cash. As of Wednesday, Cbus had received 45,700 applications from its members to access their ...

Lloyds profits down 95%

ELIZABETH MCARTHUR  |  FRIDAY, 1 MAY 2020
... first quarter of 2019, but an increase of 7% on the final quarter of 2019. The bank already cancelled dividends at the request of the UK prudential regulator. There will be no quarterly or interim dividend payments or share buybacks for Lloyd's investors ...

Northern Trust touts new ESG tool to instos

KANIKA SOOD  |  THURSDAY, 30 APR 2020
The fast-growing custodian is pitching a new ESG analytics tools to local superannuation funds and asset managers to track, compare and benchmark their ESG score. Northern Trust, which is best known in Australia as custodian to a number of public sector ...

ATO to determine duplicate ERS applications

ELIZA BAVIN  |  WEDNESDAY, 29 APR 2020
The Australian Taxation Office said it will determine if a person has made a duplicate application, telling funds to follow its determination. In an update to the ATO's ERS design and implementation document, the ATO said while the application process ...

ASIC urges insurance flexibility

ELIZA BAVIN  |  TUESDAY, 28 APR 2020
... are also expected to consider whether outcomes will be fair for consumers if they have to actively 'opt in' or make a request in order to receive any benefit insurers offer in response to COVID-19. "Consumers who are struggling to pay their insurance ...

AustralianSuper pays out $320m

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
AustralianSuper has already paid out close to $320 million to members under the early release scheme as it readies to release a further $330 million. The super fund said it has received requests from about 85,000 members so far, representing about $650 ...

ANZ accused of exploiting staff

ELIZABETH MCARTHUR  |  MONDAY, 27 APR 2020
... note, seen by Financial Standard, ANZ asked staff to get their leave balances down to four weeks by September 30. The request said that this would apply even to the executive and that no one within the bank is "too senior or important or busy" not to ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... take. Similarly, if an individual approaches the EPSSS directly, it will be for the trustee to determine how to manage the request. "When an individual applies they will be presented with all open accounts that are not in retirement phase. This will ...