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Showing 61 - 70 of 162 results for "ERS"

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 ...

AFP charges early release scammers

ELIZABETH MCARTHUR  |  MONDAY, 10 AUG 2020
... new COVID-19 measures. AFP Taskforce Iris has charged seven people in total with submitting false early release of super (ERS) claims. Police will allege the group submitted several fraudulent applications, claiming to be other superannuation fund account-holders ...

ERS doesn't justify higher SG: Grattan

ELIZA BAVIN  |  MONDAY, 10 AUG 2020
... retirement even if they have taken advantage of the government's early release scheme. The government recently extended the ERS scheme, allowing individuals who have lost their job or had their hours or trading income cut by 20% or more to withdraw up ...

It's your money: Hume calls out Keating

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... circumstances. Believe it or not, Labor doesn't always know best." The back and forth comes after Keating made comments against the ERS scheme at an Industry Super Australia event. Keating said the scheme had come at a huge cost to individual's retirement ...

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... Stephen Jones sent the letter to the Auditor-General Grant Hehir asking him to review the integrity and performance of the ERS scheme. "The scheme was designed to provide financial relief for people experiencing income loss and hardship caused by the ...

APRA spells out unlisted asset valuation standards

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... unlisted assets. It comes as the market downturn as a result of the pandemic and the Early Release of Superannuation Scheme (ERS) has led to industry concerns about the appropriate valuations of unlisted assets. Speaking at the House of Representatives ...

SG increase will be deferred: Knox

ELIZA BAVIN  |  WEDNESDAY, 5 AUG 2020
... the early release scheme," she said. Campo added Cbus has performed its own internal survey of members who had accessed the ERS scheme and withdrawn from their savings to assess their reasoning. "With our members, we found that nearly a quarter of those ...