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Showing 51 - 60 of 344 results for "Early Release"

Aussies lose $328m to investment scams

KARREN VERGARA | MONDAY, 7 JUN 2021

... than 1500 incidents relate to superannuation scams resulting in over $6.4 million in losses, mostly prompted by the early release of superannuation scheme. Worryingly, it appears that people find it increasingly difficult to identify legitimate investment ...

Family law super reforms released

ANNABELLE DICKSON | TUESDAY, 1 JUN 2021

... best in practice." The development comes after the government abandoned its controversial proposal to extend the early release of superannuation to family and domestic violence survivors.

Accessing super cements inequality: Report

ELIZABETH MCARTHUR | TUESDAY, 25 MAY 2021

... assessed the impact of COVID-19 on low-income earners in Australia, with findings illustrating harm caused by the early release of super program. The Brotherhood of St Lawrence Shocks and Safety Nets report found that financial wellbeing decreased for ...

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR | FRIDAY, 21 MAY 2021

... significantly below APRA's desired scale of $30 billion for superannuation funds to survive. Intrust was also hit by early release of superannuation withdrawals of about $288 million last year. For Hostplus, merging with Intrust delivers a membership ...

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

The government's early release of superannuation program hurt superannuation as a category brand, according to Campaign Edge creative director Dee Madigan. Taking to the stage at Conference of Major Superannuation Funds, Madigan theorised that the ...

Raw truth on merger process: Panel

ELIZABETH MCARTHUR | WEDNESDAY, 19 MAY 2021

... got in 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 ...

Stapling will benefit Hostplus: David Elia

KANIKA SOOD | WEDNESDAY, 19 MAY 2021

... at a 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 ...

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 ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR | WEDNESDAY, 19 MAY 2021

... hold more policies that AIST thinks are not sensible ideas. For example, she theorised that there could be another early release-style program or a more radical use of super for buying homes than the First Home Super Saver Scheme.

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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