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Showing 71 - 80 of 223 results for "Early Release of Super"

COVID-19 lockdown swells financial stress

ANNABELLE DICKSON | MONDAY, 14 DEC 2020

New research reveals there is high correlation with COVID impacted industries and early super release applicants. AMP's latest research on financial stress found the two of industries most impacted by COVID-19, hospitality and retail, have the most ...

ERS costs big super funds

ELIZA BAVIN | MONDAY, 30 NOV 2020

As applications for the early release of super (ERS) scheme slow down, the nation's biggest funds have taken the brunt of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have ...

Super sneaks back to $3tn in assets

ELIZA BAVIN | TUESDAY, 24 NOV 2020

... September 2020 quarter, according to the latest statistics from APRA. Despite the effects of the government's early release of super scheme, coupled with market volatility and a sharp economic downturn, the super system has staged a comeback. Total contributions ...

Labor, unions, industry funds seethe

ELIZABETH MCARTHUR | FRIDAY, 20 NOV 2020

... once again, they're laying the groundwork for another backflip." He also pointed out that thanks to the early release of super program the government bought in to allow people to access their retirement savings to get them through COVID-19, 600,000 Australians ...

Australians drain $35bn from super

ELIZA BAVIN | MONDAY, 16 NOV 2020

Around $35 billion has been removed from Australians retirement savings as the governments' early release of super (ERS) scheme edges towards its close. Having opened in April this year in response to the immediate effects of the COVID-19 lockdown ...

ATO prepares for end of ERS

ELIZA BAVIN | THURSDAY, 5 NOV 2020

... Australian Taxation Office (ATO) has announced the end of year shutdown and program closure arrangements for the early release of super (ERS) scheme. Since April 3.3 million Australians have taken over $34 billion out of their retirement savings through ...

IOOF appoints executive, continues growth push

ELIZA BAVIN | THURSDAY, 29 OCT 2020

... executive Renato Mota said the broad ranging impacts of COVID-19 continued to affect flows, especially with the early release of super (ERS) scheme. "However, our scale, economic diversity and business strength contributed to the maintenance of a steady ...

Ask and you shall receive

ELIZA BAVIN | MONDAY, 26 OCT 2020

The latest APRA data for the government's Early Release of Super (ERS) reveals that 98% of applications received by the Australian Taxation Office (ATO) have been paid out by funds. The prudential regulator said that as at October 18, 98% of the applications ...

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 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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