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Showing 61 - 70 of 313 results for "S Scheme"

AMP loses default KiwiSaver mandate

ELIZABETH MCARTHUR  |  FRIDAY, 14 MAY 2021
The New Zealand government's review of default KiwiSaver providers has resulted in AMP not being reappointed. New Zealand's default retirement savings scheme KiwiSaver works by having a network of default providers which manage client money in balanced ...

OPINION: Super for housing was the wrong policy fight

ALEX DUNNIN  |  TUESDAY, 11 MAY 2021
After the shock of the Early Release of Superannuation scheme's COVID-19 amendment, the superannuation sector can breathe a sigh of relief that government hasn't introduced a mechanism to allow members to divert their super savings into a deposit on ...

Budget to boost home ownership rates

JAMIE WILLIAMSON  |  MONDAY, 10 MAY 2021
Ahead of tomorrow's federal budget, the government announced a raft of measures aimed at increasing home ownership levels, including the expansion of the First Home Super Saver Scheme. The government is increasing the maximum amount of voluntary contributions ...

ERS spending revealed

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
The Australian Bureau of Statistics has revealed what people who accessed their super early due to financial hardship caused by COVID-19 spent the money on. The ABS found that 29% of people who accessed their super in the early release of super program ...

Mainstream moves forward with SS&C

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... successful 'go shop' period, as it resulted in a significant 66.7% premium to Mainstream shareholders when compared to Vista's scheme consideration of $1.20 per share," Mainstream said in a market statement. "The board also considers SS&C to be well ...

APSS explores merger with Sunsuper

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
The Australia Post Superannuation Scheme (APSS) has signed a non-binding heads of agreement to explore a merger with Sunsuper. The $8 billion APSS has been closed to new Australia Post employees since 2012 and has around 30,000 members. APSS Trustee's ...

ASIC praises super trustees

ELIZA BAVIN  |  TUESDAY, 23 MAR 2021
ASIC has released the findings of its review of how superannuation trustees supported members during COVID-19 with overall positive feedback. The corporate regulator said it took several actions to check on the support provided by superannuation trustees ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
Industry Super Australia says recent comments by Liberal MP Tim Wilson that "big super" is locking young Aussies out of the housing market are "scary". Wilson said the fact that first home buyers are unable to access their retirement savings to go towards ...

Industry funds pool $61bn of assets

KARREN VERGARA  |  THURSDAY, 11 FEB 2021
Two industry superannuation funds will pool their assets to create a $61 billion trust, in a move that is set to be a better alternative to a merger. Touted as an industry first, Maritime Super and Hostplus today announced an asset-pooling partnership ...

APRA releases final ERS figures

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
APRA has revealed the final figures representing the impact of the government's early release of super scheme which saw 3.5 million Australians dip into their retirement savings. Over the duration of the scheme, $37.3 billion was removed from the superannuation ...