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Showing 1 - 10 of 65 results for "Early Release Scheme"

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
An Adelaide financial adviser received a five-year ban for advising his clients to roll their super into newly established SMSFs to invest in a company he is a director of and then releasing the money to them in the form of a loan. Antonio Simeone is ...

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
... anticipated as lump sum benefit payments have reverted to longer term trends following the removal of the Early Release Scheme. APRA statistics laid bare the ramifications of the super early release scheme showing a relatively stable five-year trend ...

Superannuation assets hit $3.3tn

KANIKA SOOD  |  WEDNESDAY, 25 AUG 2021
... 5.3 per cent, and pension payments ($38.6 billion) declined 5.8 per cent representing normalisation to pre-Early Release Scheme levels," APRA said. APRA said it will release the Quarterly MySuper Statistics for the June 2021 quarter on August 31, along ...

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... housing market needs is firing up stronger demand." Additionally, Turnbull said the Morrison government's early release scheme, to allow Australians to access up to $10,000 from their super if they had been impacted by COVID-19, was also the wrong ...

Women need to rebuild super: AMP

ELIZA BAVIN  |  MONDAY, 8 MAR 2021
... AMP said over 80,000 of its women members accessed their superannuation savings, through the government's early release scheme, and withdrew a higher proportion of balances than men. "This money provided much needed assistance at a time of considerable ...

Stimulus, ERS boost financial comfort

ELIZA BAVIN  |  MONDAY, 1 MAR 2021
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 ...

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... companies being rocked by bushfires at the start of the year, and the super industry reacting to the government's early release scheme. APRA chair Wayne Byres said impact on households and businesses across the country was profound and dramatic. "APRA-regulated ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... through to 31 January 2021. This means APRA will be putting a greater focus on fraud risk and prevention in the early release scheme. Funds will need to tell the regulator how many total fraud incidents, both internal and external, it has identified ...

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 ...

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. ...
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