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Showing 71 - 80 of 215 results for "Early Release of Super"

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... continued to face into the disruption, remaining focused on supporting our clients through programs such as the early release of super, and by providing financial advice to those who need it." AMP's three-year turnaround strategy is now moving into ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... has announced it will cut down on the amount of information it requires funds to provide as part of the Early Release of Super reporting standards. From September 30, APRA said it will only require sections 6-8 of SRF 91.1: COVID-19 Pandemic Data Collection ...

Super needs improvement: Report card

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
... of 2020. The pandemic also saw many governments open the floodgates to pension benefits. Australia's early release of super scheme enabled members whose income had dropped by more than 20% to access up to $20,000. India allowed partial withdrawals ...

Sunsuper cops rating downgrades

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... it was reassuring that Sunsuper did not run into any problems with demand for liquidity as a result of early release of super scheme. Furthermore, Morningstar noted the industry fund's strong governance and investment expertise capitalises on its ...

Release the Retirement Income Review: Labor

ELIZABETH MCARTHUR  |  TUESDAY, 13 OCT 2020
... at an online event for ASFA, criticised the government's latest raft of superannuation reforms and the early release of super (ERS) program. "The Superannuation Minister [Jane Hume]- who flips and flops between ambivalent and conflicted in her own portfolio ...

Aussies continue to drain super

ELIZA BAVIN  |  MONDAY, 12 OCT 2020
Over the week to September 27, a further 36,000 applications were received by funds for the Early Release of Superannuation (ERS) scheme. Of the 36,000 applications 22,000 were first-timers and 14,000 were repeat applications. Initial applications total ...

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... being removed from the super system, the Grattan Institute is sticking to its guns that the effects of the Early Release of Super scheme will not have too great of an impact on retirement outcomes. Speaking at the digital Morningstar Investment Conference ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... removed no matter what type of fund they are," ISA chief executive Bernie Dean said. "With the government's early release of super scheme sending millions of members accounts backwards every dollar in saved fees and improved returns is desperately needed ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
Any MySuper products that fail a new APRA-administered annual test twice in a row will not be allowed to receive any new members until they improve their performance. The prudential regulator will conduct benchmarking tests on the net investment performance ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
Industry Super Australia (ISA) has called for the end of the government's Early Release of Super scheme after Senator Jane Hume signaled the possibility of a third tranche. The assistant minister for superannuation flagged the possibility last night ...