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Showing 41 - 50 of 223 results for "Early release of super"

ERS applicants $3100 worse off

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
Members who raided their retirement savings as a result of the early release of superannuation scheme could have been $3100 better off than if they had kept their balance intact, new research reveals. The McKell Institute, a thinktank, found that over ...

What COVID-19 did to super brand

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... Dee Madigan. Taking to the stage at Conference of Major Superannuation Funds, Madigan theorised that the early release of super response to COVID-19 might have not just hurt super fund's funds under management, but the brand reputation of super itself. ...

Raw truth on merger process: Panel

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... the way." She said that while the fund claimed COVID-19 delayed the merger, more specifically it was the early release of super program that made pushing ahead with the merger too risky. Deloitte partner Steve Freeborn, who works in mergers and acquisitions ...

Stapling will benefit Hostplus: David Elia

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
... Conference of Major Superannuation Funds panel this morning. Hostplus paid out just under 10% of the total early release of super (ERS) withdrawals. Elia said the ERS withdrawals reminded the fund of the diversification of its member base. "The insights ...

Aged care workers depended on ERS: Research

KARREN VERGARA  |  WEDNESDAY, 19 MAY 2021
Aged care employees relied more on the early release of superannuation (ERS) scheme compared to other workers health and community services sectors, research from HESTA reveals. The proportion of HESTA members who work in aged care and childhood education ...

No early super release for DV survivors

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Among several other initiatives aimed at boosting women's economic security, the government has confirmed it will not proceed with plans to extend the early release of superannuation to family and domestic violence survivors. Scrapping the plan will ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
After the shock of the Early Release of Superannuation scheme's COVID-19 amendment, the superannuation sector can breathe a sigh of relief that government hasn't introduced a mechanism to allow members to divert their super savings into a deposit on ...

ERS spending revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
... caused by COVID-19 spent the money on. The ABS found that 29% of people who accessed their super in the early release of super program spent the money on mortgages or rent. A further 27% spent the money on household bills and 15% used it to pay credit ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
New data from APRA and ASIC shows 81% of adviser-led TPD claims were admitted in 2020, down from 87% two years ago. The joint claims data published by APRA and ASIC included death, total and permanent disability (TPD), trauma, and disability income ...

Super fund liquidity could be better: RBA

JAMIE WILLIAMSON  |  WEDNESDAY, 14 APR 2021
While the events of 2020 showed superannuation funds manage liquidity well, funds should consider the extent to which they rely on certain asset classes for liquidity, the Reserve Bank of Australia (RBA) has said. In its Financial Stability Report for ...