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Showing 71 - 80 of 265 results for %22Early Release Scheme%22

Super needs improvement: Report card

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
... quarter 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
... house said 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 ...

Retail super fund scores best customer service nod

KARREN VERGARA  |  FRIDAY, 16 OCT 2020
... delivering quality experiences, particularly during a turbulent period and just as members jumped on the Early Release Scheme. It assessed several categories like communication, and the emotional well-being of customers. Customer service, in terms of ...

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
... billion 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 ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... to be 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 ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... or delayed: ERS extension, Retirement income review, CIPRs, Eligible Rollover Funds The budget did not extend the early release of superannuation (ERS) scheme past 31 December 2020. Adjusted drawdown rates for account-based pensions were also left untouched. ...

ERS extension flagged, criticised

ELIZA BAVIN  |  TUESDAY, 6 OCT 2020
... thousands worse off." ISA said that while the super industry supported the original intent of the radical early release scheme as a temporary measure to provide emergency funds to Australians during a global pandemic, it should not be extended further. ...

Australia world class in retirement wellbeing

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
... he said. Australia was one of 16 countries that relaxed the hardship measures to access superannuation with its early release of super scheme but the future impacts on retirement savings are unclear. "It's too early for the GRI to assess the impact of ...

Super funds squander member money: Bragg

KARREN VERGARA  |  THURSDAY, 24 SEP 2020
... their first home. Mulino said that such a proposal "takes away the integrity of the scheme" and, together with the early release of super scheme, denies the benefits of compound interest, particularly for young members. "Invariably it is going [to be ...