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Showing 51 - 60 of 89 results for "Early Release of Superannuation"

ERS continues super drain

ELIZA BAVIN | MONDAY, 3 AUG 2020

The Early Release of Superannuation (ERS) scheme continues to drain the super system, with almost $30 billion removed from Australians' retirement savings, according to the latest APRA data. Over the week to July 26, super funds made payments to ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON | THURSDAY, 30 JUL 2020

... $115 million in funds under advice. These were offset by a number of practices joining the group. Early release of superannuation requests impacted net flows, having paid 99,174 requests totalling approximately $743 million. Mota said the COVID-19 environment ...

Stimulus, ERS pushes spending up 17%

ELIZABETH MCARTHUR | TUESDAY, 21 JUL 2020

New research has demonstrated the impact of the government's stimulus package and early release of superannuation program, with a sharp uptick in consumer spending. The data from illion and AlphaBeta, part of Accenture, found consumer spending in Australia ...

Morrison's legacy will be retirement poverty: ACTU

ELIZABETH MCARTHUR | THURSDAY, 16 JUL 2020

The Australian Council of Trade Unions has slammed the government's early release of superannuation program, saying that Prime Minister Scott Morrison's legacy will be a wave of retirement poverty. Following the second round of early release withdrawals ...

ATO doubles down on fraud crackdown

ELIZA BAVIN | WEDNESDAY, 24 JUN 2020

... designed to take advantage of the government's COVID-19 stimulus package. This includes JobKeeper, early release of superannuation, and boosting cash flow for employers. ATO deputy commissioner Will Day said that with so many Australians impacted by ...

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 ...

Complaints abound during COVID-19: AFCA

ELIZA BAVIN | THURSDAY, 28 MAY 2020

... superannuation complaints. Untersteiner said the majority of the complaints have been about delays in early release of superannuation, loan break costs, disputed transactions, requests to extend payment terms as well as denial of travel insurance claims. ...

Advisers involved in ERS scams: ASIC

ELIZABETH MCARTHUR | WEDNESDAY, 20 MAY 2020

... pitch to consumers to carry out broader superannuation activities, such as the possibility of early release of superannuation, searching for lost super and consolidating their accounts." The regulator has observed some 'lost super search providers' re-brand ...

ATO allows ERS access to New Zealanders

ELIZA BAVIN | WEDNESDAY, 20 MAY 2020

... The Australian Taxation Office is allowing New Zealanders with KiwiSaver accounts to access the Early Release of Superannuation scheme through a loophole. In an update to its Design and Implementation document, the ATO said those with a KiwiSaver account ...

AMP defends hefty remuneration bill

ELIZABETH MCARTHUR | FRIDAY, 8 MAY 2020

... amid the uncertainty of COVID-19 has soared, while the company has also had to deal with the new early release of superannuation rules. "At the end of April AMP received approximately 50,000 requests for the early release of super," he said. Confidence ...

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BT appoints new head of strategy

KARREN VERGARA | 10:47AM

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI | 12:24PM

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI | 12:21PM

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO | 12:09PM

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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