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Showing 61 - 70 of 168 results for "ERS"

Link suffers in COVID environment

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... business running during COVID-19. " McMurtie said the business had done well to execute the government's Early Release of Super (ERS) scheme which was recently extended until the end of the year. "Our technology, scale and expertise have enabled us to ...

Super contributions rise despite ERS

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... $33.6 billion, while lump sum payments out totaled $26.8 billion for the June quarter, up 77.7% from the March quarter due to ERS. Total contributions marked an increase of 17% from the March 2020 quarter ($28.7 billion) but 1.4% less than in the June ...

AIST calls for top-ups for low-income ERS recipients

ANNABELLE DICKSON, KANIKA SOOD  |  MONDAY, 24 AUG 2020
... superannuation balances of Australians who make less than $39,837 a year and genuinely accessed their superannuation under ERS, according to the Australian Institute of Superannuation Trustees. The body is recommending the government contribute to accounts ...

ERS applications slow

ELIZA BAVIN  |  MONDAY, 24 AUG 2020
Over $31.6 billion has been removed from superannuation since the start of the Early Release of Superannuation (ERS) scheme, but applications appear to be slowing down. In the week to August 16, around $600 million was paid out to members, down from ...

Suncorp wealth business down

ELIZA BAVIN  |  FRIDAY, 21 AUG 2020
... said its wealth business has been supporting members impacted by COVID-19 through the government's Early Release of Super (ERS) scheme. It said as at 30 June 2020, the wealth business has made approximately $99 million in ERS payments to around 13,000 ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
The Australian Competition and Consumer Commission (ACCC) has told Financial Standard that the nature of superannuation scams is shifting, having seen a 55% increase in cases of identity theft. The ACCC's national scam awareness week this year is focussed ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
New research released by illion found that 38% Early Release of Super (ERS) applicants saw no drop in their income during the COVID-19 crisis, as withdrawals surpass $31 billion. The research found that the scheme has continues to drive a huge spending ...

ERS will impact those who didn't access super: REST

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... chief executive Vicki Doyle. Speaking at the FINSIA Future of Super webinar, Doyle said there will be an impact felt from the ERS scheme on those individuals who did not access their super. "Our view is that we always hold a certain amount of cash, so ...

IOOF, LUCRF Super on ERS workload

ELIZABETH MCARTHUR  |  WEDNESDAY, 12 AUG 2020
... most challenging elements of the COVID-19 pandemic to adapt to. IOOF head of fund statutory reporting Paul Tsironis said that ERS resulted in a huge increase in workload. Speaking to Clear Path Analysis chief executive Noel Hillmann for The new operating ...

ISA, Grattan find common ground

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... common ground with the Grattan Institute in regards to its report on the effects of the government's Early Release of Super (ERS) scheme. Part of Grattan's modelling found that millions who accessed the COVID-19 ERS scheme, and don't top up their savings ...