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Showing 51 - 60 of 105 results for "Financial hardship"

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... government's early access to super plan. "[Hostplus] has ample liquidity available to support members undergoing financial hardship," the spokesperson said. The media scrutiny of Hostplus' liquidity has occurred after years of the fund publicly spruiking ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
... themselves and their families." Elia added that the fund has ample liquidity available to support members undergoing financial hardship. However, he did warn members to think carefully about the potential future impacts of accessing their super early. ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... strict deadline - one that administrators admit they might struggle to meet. While early access to super due to financial hardship is already available, dealing with such volumes of members accessing this option all at once is unprecedented. Link Group ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... eligible to access $10,000 from their super this year under the government's plan to assist those facing financial hardship as a result of COVID-19. Early release to bite retirement hard Rainmaker modelled after-fee, after-tax superannuation outcomes ...

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... setting them up for a disastrous situation in retirement," GigSuper said. The government will allow those facing financial hardship as a result of COVID-19 and the subsequent shutdown of many businesses to access up to $10,000 of their super this year ...

Global hiring freeze for BlackRock

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... Elliot took to LinkedIn Live to say ANZ is hiring to meet the extra demand brought about by those experiencing financial hardship. The bank moved 150 staff to its hardship division and is hiring more. Commonwealth Bank is also hiring for face-to-face ...

Super funds raise scam concerns

HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
... before with any early release super measure, there are unscrupulous operators who take advantage of people in financial hardship either through outright fraud in an attempt to steal their super or by offering unnecessary services for which a fee is charged," ...

Super fund merger delayed

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... member support is a key priority for both funds, with members expressing concern about market volatility and financial hardship. "Understandably, members are concerned about their retirement savings. And we'll likely see an increase in the number of ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... eligible to access $10,000 from their super this year under the government's plan to assist those facing financial hardship as a result of COVID-19. Rainmaker analysis of APRA data shows 58% of Rest's membership are millennials. About 58% of ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... conditions, and as they support anxious members," ISA chief executive Bernie Dean said. "Assisting those in financial hardship will come down to how well the ATO works with the funds, given each superannuation fund will have to manually issue the money. ...