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Showing 511 - 520 of 3771 results for "Figure"

APRA warns of ERS second wave

ELIZA BAVIN  |  MONDAY, 6 JUL 2020
APRA has warned it is expecting high volumes of applications for the start of the second tranche of COVID-19 Early Release of Super scheme. The regulator said it is expecting a second wave of applications as Australians rush to remove a further $10,000 ...

Favour turns to active management

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... Internationally, 63% of those surveyed think new assets from current clients will make up the growth - but in Australia that figure is only 34.7%. Fewer (47%, and just 39.3% for Australia) are counting on market returns as a primary growth driver. Globally ...

Super reform should happen, but not now: Grattan

ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... emergency measures aimed to prevent an economic crash, and they succeeded. But they can't stay forever, and governments have to figure out how to unwind everything without upsetting the fragile economy they have been preserving." Daley argued that while ...

AMP approved product list under fire

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
... companies have to pay $22,000 a year to be on an AMP approved product list. Leigh was not clear on his source for the $22,000 figure, and a spokesperson for AMP has since told Financial Standard there is no fee to be on an AMP approved product list. ...

ERS figures hit $17 billion

ELIZABETH MCARTHUR  |  MONDAY, 29 JUN 2020
The latest round of APRA data has revealed that $17.1 billion in early release of super (ERS) applications have now been paid. Billions are being withdrawn each week, despite COVID-19 restrictions easing in most Australian states. Last week $15.9 billion ...

Chief economist update: Still the best and better than all the rest

BENJAMIN ONG  |  THURSDAY, 25 JUN 2020
Victorian supermarkets - Woolworths and Coles - have re-introduced buying limits in their stores as hoarders and panic-buyers returned, raiding shelves of toilet paper, paper towel, hand sanitiser, rice, pasta, flour, sugar and the like following reports ...

Rice Warner questions super return targets

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
After COVID-19 put paid to the 2020 return hopes of superannuation funds, research house Rice Warner has questioned whether return targets should be lowered. Rice Warner has questioned whether superannuation return targets should be lowered. As the ...

ATO data heaps pressure on ASIC's SMSF fact sheet

HARRISON WORLEY  |  MONDAY, 22 JUN 2020
... quoted by ASIC's fact sheet, pegging the average cost at $14,879. However, the SMSF Association has long believed the figure was not representative of the cost of operating an SMSF, and said earlier this year that the median figure was more accurate. ...

Another billion removed from super

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
Australian super funds continue to make payments to members under the government's Early Release of Super scheme, with the total amount paid now at $15.9 billion. In the week to June 14, funds reported a further $1.3 billion was paid to members ...

ATO cracks down on ERS misuse

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
The Australian Taxation Office (ATO) has cracked down on those misusing the Early Release of Superannuation scheme in a move that has been welcomed by the Industry Super Australia (ISA). The ATO said it is beefing up enforcement efforts saying it is ...