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

Search Results

Showing 51 - 60 of 223 results for "Early Release of Super"

AMP sees 245% jump in consumer interest

ELIZABETH MCARTHUR  |  WEDNESDAY, 31 MAR 2021
... to invest and smart investment options, relationship break up entitlements, COVID-19 stimulus payments, early release of super and back to school subsidies for parents. "While it's undeniable that 2020 was a challenging year, it's encouraging to see ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
Allowing Australians to use their superannuation savings to buy property will push up house prices and worsen affordability for low-income earners, says ASFA. Liberal member of parliament Tim Wilson is currently campaigning to let Australians use their ...

Pandemic boosts scam complaints

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
... amounts of $1 million. AFCA resolved disputes totalling $294 million. Earlier this year, the ATO found the early release of super scams cost Australians over $6 million. Untersteiner noted that superannuation funds worked with AFCA to resolve consumer ...

ERS disproportionately impacted women

ELIZABETH MCARTHUR  |  WEDNESDAY, 10 MAR 2021
According to analysis from Rest, the "pink recession" might have been exacerbated by the government's early release of super program. More than half a million women accessed their super early as part of the scheme. Industry super fund Rest, which has ...

Super assets hit record high

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
... Hume said. Despite the fact that about $37.3 billion was withdrawn as a result of the government's early release of super scheme, the second half of 2020 enjoyed a strong market recovery. During the quarter, net contribution flows were $8.3 billion ...

Public sector super satisfaction rises

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... said the impact of the fall in stock valuations as a result of COVID-19 along with the government's early release of super scheme impacted members' satisfaction with their fund. "Together these factors focused people's attention on their superannuation ...

ERS dents Raiz Super by $13m

KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
Raiz's superannuation offering paid out $13 million as a result of the early release of super scheme but managed to keep funds under management afloat. The micro-investing platform reported superannuation assets grew by 27% on the prior corresponding ...

Australian Ethical continues growth trajectory

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
... in the second half of last year, threshold reductions across some managed funds in October 2020 and the early release of super scheme. Operating costs also increased by 11%. "In addition to reaching $5 billion in FUM - an audacious goal we set ourselves ...

Limited advice overdue for disruption

KARREN VERGARA  |  THURSDAY, 18 FEB 2021
... cash-flow planning and bill prioritisation during COVID-19. Applying for government incentives like the early release of super was also a burning question. McPherson told the recent Association of Superannuation Funds of Australia (ASFA) conference that ...

Financial services sees improved mental health

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... measures designed to ease the financial hardship faced by many Australians. Helping Australians navigate the early release of super scheme, mortgage deferrals and reductions, and broader legislative changes, saw many in the industry working more hours ...