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Showing 81 - 90 of 589 results for early release of super

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... transition period for implementing these changes, with consideration also given to allowing providers to 'opt in' early. Turning to the regulator's role, Levy explained a large amount of feedback on ASIC was received and that many people ...

Aussies pay the price for early release of super: ASFA

JAMIE WILLIAMSON  |  THURSDAY, 11 AUG 2022
The government's COVID-19 early release of superannuation (ERS) scheme saw the closure or near emptying of almost one million member accounts, largely held by women, single parents and the unemployed. A new analysis by the Association of Superannuation ...

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... borrow some of what was invested on the understanding there was no obligation to repay it, illegally facilitating the early release of super. ASIC said Simeone's clients assumed what they were doing was legal and appropriate. Not only did it see ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... interests." Submissions to the discussion paper released today close November 11. APRA then intends to release draft enhancements early next year for further consultation.

APRA consults on new operational risk standards

JAMIE WILLIAMSON  |  FRIDAY, 29 JUL 2022
... ongoing innovation and technological change in the financial services industry." The new standards are due to be finalised in early 2023, to come into force January 2024. The consultation is open until October 21.

MLC Life enhances income product range

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... customers wanted greater flexibility of the conditions included in their policy, had high income replacement needs during the early stages of a claim, and wanted greater certainty of future premiums." Income Assure provides an income replacement ratio ...

Superhero, Swyftx in $1.5bn merger

CASSANDRA BALDINI  |  WEDNESDAY, 8 JUN 2022
... broker Swyftx and share trading and investment and superannuation platform Superhero is expected to be completed in the early fiscal year 2023. The homegrown platform will become the first in Australia to offer access to both decentralised and traditional ...

A mixed year for super: KPMG

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... Over 2020/21 investment markets and the super sector rebounded from the initial impacts of the pandemic but the Early Release of Super scheme continued to impact membership. The early release payments and the first stage closure of eligible rollover ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... policy requires significant revision to accommodate for specific situations, including when a long-term contributor requires early access for a 'good reason' or when an individual is better to manage their own super funds because of the skill and expertise ...

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
... territory. Over the five-year period included in APRA's net contribution flow statistics, the time when the early release super scheme was available saw the steepest decline in net contribution flows.