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Showing 71 - 80 of 135 results for "Early access"

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... that reports have unnecessarily concerned members. They also reiterated that the fund does support the government's early access to super plan. "[Hostplus] has ample liquidity available to support members undergoing financial hardship," the spokesperson ...

Super should shape up on unlisted valuations: WTW

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... to switch out of higher growth, equity heavy options to lower risk, cash and bond options." The government's new early access to super program has added another element to the problem. Liquidity issues, Kelly said, are inextricably linked with the challenges ...

Super fund temporarily cuts fees

HARRISON WORLEY  |  TUESDAY, 7 APR 2020
... deferring fees for six months - we're waiving 50% of the fees altogether. With the Federal Government now granting early access to super for those affected by COVID-19, we thought it was important to balance this with an initiative enabling people ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... economic slowdown to access up to $20,000 of their super early, will help cushion the blow for many Australians. "Early access to superannuation in the case of hardship already exists now," Frydenberg said. "The government has extended this relief to ...

Industry bodies work to ease regulatory burdens

ELIZABETH MCARTHUR  |  FRIDAY, 3 APR 2020
... make fast, cheap financial advice possible for those impacted by the COVID-19 downturn - especially when it comes to early access to super. The Regulatory Burden Taskforce - comprised of the Financial Planning Association of Australia, SMSF Association ...

Could relief on advice compliance save consumers?

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... allowing short form SOAs, especially for new clients wanting to act on government relief announcements including early access to super. "In relation to clients being harder to see face to face as people self-isolate, allow verbal sign-offs of SOAs and ...

Bigger balances, bigger blow: Elia

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2020
... we're going to be well positioned to meet members demands - we just don't know how many members will [gain early access]." And this isn't an issue unique to Hostplus, a fact Elia said seems to have eluded some commentators to now. "It's ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
The government's plan to allow early access to super for those who have lost jobs and livelihoods as a result of COVID-19 is an enormous hurdle with a strict deadline - one that administrators admit they might struggle to meet. While early access ...

Super funds called out over liquidity

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
... COVID-19 crisis due to the market crash and the government's stimulus package allowing struggling members to gain early access to up to $20,000 of their super. Wilson has called out these funds, saying it is inconsistent with evidence provided to ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... difficult, members are now scrambling to get in touch with their super fund, especially after the government allowed early access to superannuation for Australian's under financial stress amid the crisis. Calls for super release to borrow from RBA ...