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Search ResultsShowing 1 - 10 of 100+ results for "ERS"
ERS dents Raiz Super by $13m
KARREN VERGARA  |  WEDNESDAY, 24 FEB 2021
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 ...
To keep or not to keep JobKeeper
BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... 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 ...
APRA releases final ERS figures
ELIZA BAVIN  |  MONDAY, 8 FEB 2021
... 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 ...
Australians Googling for advice
KANIKA SOOD  |  WEDNESDAY, 3 FEB 2021
... publications. The research also lined up the articles that Australian readers engaged with the most. Superannuation topics -- such as ERS impact and unlicensed advice from real estate groups to use super for rent -- came out on top, accounting for seven ...
IOOF buffeted by advice restructure
ELIZA BAVIN  |  THURSDAY, 28 JAN 2021
... IOOF's open architecture approach and enabling choice for our clients," Mota said. "This quarter has seen ongoing impacts of ERS, especially the final opportunity for early access. As well, we have experienced the ongoing impacts of COVID, including ...
Raiz Super regains losses
ANNABELLE DICKSON  |  WEDNESDAY, 27 JAN 2021
... superannuation funds under management by nearly 15% in the December quarter despite the impact of the early release of super scheme (ERS). Raiz Invest's superannuation portfolio swelled to $81 million or 14% from $64 million after losing over $6 million ...
ERS a setback for young workers
KARREN VERGARA  |  MONDAY, 25 JAN 2021
... AIST is urging the federal government to make a one-off contribution to the super of low-income earners who took advantage of ERS of about $5000. AIST chief executive Eva Scheerlinck said while the long-term impacts of COVID on the retirement savings ...
NSW pocketed $10bn from ERS
KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
More than one million New South Wales residents took advantage of the early release of superannuation scheme, withdrawing $10 billion, new analysis shows. Industry Super Australia looked at the popularity of the ER S scheme across suburbs and found ...
Crackdown on ERS scams continues
ELIZA BAVIN  |  MONDAY, 18 JAN 2021
The Australian Taxation Office (ATO) has confirmed it is still working with the Australian Federal Police (AFP) to crack down on early release of super scams which cost Australians over $6 million. Combined, the value of scams rose 23% in 2020, with ...
Platforms start to shake ERS impact
KANIKA SOOD  |  FRIDAY, 15 JAN 2021
... Credit Suisse. In the September quarter, platforms reported $1.9 billion in outflows. However, if you exclude $3.9 billion of ERS withdrawals, platforms would have reported positive inflows of $2 billion for the period, Credit Suisse said in a January ...
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