The latest issue of Financial Standard now available as an e-newspaper
|Showing 1 - 10 of 100+ results for "ERS"|
|... nearly 3.5 million Australians withdrew about $36.4 billion from their superannuation accounts across the two tranches of ERS, which the government used as part of its economic revival package. Scheerlinck's speech also called attention to four other ...|
|... streams has so profoundly reversed that we are back to where we were eight years ago, albeit part of the surge may be due to the ERS. If this trend doesn't slow and turn around fast, it won't be long before serious pressure mounts and retirees will only ...|
|... week. Over 1.3 million households contained someone receiving the Coronavirus Supplement of $550 per fortnight." The COVID-19 ERS scheme allowed up to $10,000 to be accessed before retirement for people suffering financial hardship. People could access ...|
|... of COVID-19. "Several websites had inaccurate or incomplete information about insurance eligibility in superannuation if an ERS payment resulted in a low account balance," it said. "Overall, funds' communications approach and information on the ERS ...|
|... Australians over $6 million . Untersteiner noted that superannuation funds worked with AFCA to resolve consumer concerns over the ERS. "Scams were growing before COVID-19 but the pandemic has accelerated this trend," Untersteiner said. The data showed ...|
|... Rest, which has the most female members of any super fund in the country, found that for those who made withdrawals under the ERS program the gender gap in super balance increased. Women between the ages of 30 and 39 had balances an average of 15.6% ...|
|The government's stimulus spending, and reforms like the early release scheme, have boosted Australian financial comfort to record highs despite the impact of COVID-19. The ME Bank Household Financial Comfort Index improved by 2% to 5.89 out of 10 during ...|
|Raiz's superannuation offering paid out $13 million as a result of the early release of super scheme but managed to keep funds under management afloat. The micro-investing platform reported superannuation assets grew by 27% on the prior corresponding ...|
|... labour unions and Labor (shampoo makers) with regards to the JobKeeper scheme, which is set to end on March 28. The "shampoo-ers" argue that withdrawing JobKeeper "prematurely" would cause the country's unemployment to spike. Australian Federal Treasurer ...|
|... duration of the scheme, $37.3 billion was removed from the superannuation industry from 20 April 2020 to 31 December 2020. The ERS scheme surpassed Treasury's initial estimates of $29 billion but has fallen short of its revised estimates of $42 billion ...|
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Macquarie Securities Australia (MSA) has copped a $126,000 fine for breaching market integrity rules, making this its fifth infringement in the last six years.
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IOOF has handed a $23 billion index investing mandate to a global investment manager following Vanguard's decision to stop managing passive strategies for other institutions.
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Addressing the annual Conference of Major Superannuation Funds, the Prince of Wales has asked Australia's super funds to get involved in his Sustainable Markets Initiative.
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Nearly seven in 10 Australians who dipped into their superannuation during COVID-19 are concerned the decision has made them less financially secure, according to a poll from the Australian Institute of Superannuation Trustees.
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