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Showing 51 - 60 of 135 results for "Early access"

Complaints abound during COVID-19: AFCA

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... relating to scams, and a rise in business interruption insurance complaints, and additional complaints relating to early access to superannuation from June to September. During the forum Untersteiner also discussed AFCA's view of the challenges facing ...

APRA releases fund-level ERS data

JAMIE WILLIAMSON  |  MONDAY, 11 MAY 2020
... average processing time being 3.1 days following approval by the ATO. Over one million Australians have requested early access, of which 830,000 were paid. The regulator said 82% of the funds to make payments have fulfilled more than 90% of them within ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... "When we see that, we don't accept that it's a loan and we will consider it illegal early release." If a member has early access to their super, they will need to declare that as taxable income on their tax return, which Keating said most never do. "When ...

Early release applications top $9bn

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... membership base employed right across the economy, we anticipated there would be many who would take advantage of the early access provisions," Sunsuper executive general manager, customer engagement Stevhan Davidson said. Sunsuper chief investment officer ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... Early Release of Super scheme. The Australian Taxation Office said measures designed to protect the integrity of the early access to super scheme have detected a small number of fraudulent activities associated with the program. "ATO systems were not ...

Software provider launches ERS tech solution

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
... date. The government's legislative changes included a reduction in the minimum drawdowns from pensions as well as early access to retirement savings by those financially impacted by COVID-19. Bravura head of operations Jon Alder said the superannuation ...

Superannuation startup launches raise

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... GigSuper believes it can be cash flow positive in three years with about 11,000 members. It said the government's early access to superannuation scheme won't affect its growth projections. "Nobody has requested ERS so far...self-employed people ...

FPA launches new ROA solution template

ELIZA BAVIN  |  WEDNESDAY, 6 MAY 2020
... provide advice within the parameters required," he said. "To date, more than a million Australians have applied for early access to their superannuation savings." Designer of Financial Mappers Glenis Phillips said she was pleased to partner with the ...

Early release of super numbers revealed

ELIZABETH MCARTHUR  |  MONDAY, 4 MAY 2020
... super funds are lower than some of the more dire initial predictions. "The figures from APRA and super funds on the early access to superannuation provisions are quite heartening," Dunnin said. "Not only does it appear that Australians are not needing ...

How Cbus is servicing early release requests

KANIKA SOOD  |  FRIDAY, 1 MAY 2020
Cbus chief investment officer Kristian Fok says the $56 billion fund is seeing a slowdown in early access requests, as members also start to reverse out of cash. As of Wednesday, Cbus had received 45,700 applications from its members to access their ...