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Search ResultsShowing 1 - 10 of 36 results for "Early Release Scheme"
Challenges abound as super poises for COVID-19 recovery
ALLY SELBY  |  TUESDAY, 30 JUN 2020
... heavily in unlisted assets, such as infrastructure and commercial developments, thanks to the government's early release scheme. "We will continue to make allocations to the unlisted sector, but our ability to do more will be somewhat constrained," ...
Super funds face fresh data requirements
ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... enable the regulator to conduct an ongoing assessment of the impact of the coronavirus and the government's early release scheme on superannuation licensees. "APRA understands that RSE licensees have been under considerable pressure during the COVID-19 ...
HESTA asks Retirement Income Review to consider ERS
KANIKA SOOD  |  FRIDAY, 19 JUN 2020
... 91,000 HESTA members have withdrawn from their superannuation savings under the Federal Government's early release scheme - the sixth highest among all funds by amount. Just over half of these were aged 24 to 39 years. After the withdrawals, HESTA ...
Australians look to rebuild super: AMP
ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
... this was down from the 24% in April. AMP technical strategy manager John Perri said the government's super early release scheme was still providing critical assistance to thousands of Australians but it was clear that others who had the capacity to make ...
Raiz Super bleeds red
ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... lost a further $2 million during the month of May, with Australians taking advantage of the government's early release scheme to preemptively access their retirement savings. Over the last three months, funds under management have fallen nearly 4%, with ...
ERS emerges as tax loophole for expats
ALLY SELBY  |  FRIDAY, 29 MAY 2020
The government's early release scheme has opened up a handy loophole for expats living in Australia, helping them withdraw their super balances tax-free. Normally, temporary Australian residents would face a 35% tax on the taxable component of their ...
Super release widens gender gap: AMP
ALLY SELBY  |  FRIDAY, 29 MAY 2020
The government's early release scheme is widening the gender superannuation gap, as a higher proportion of women draw down on their super savings to weather the COVID-19 crisis. The analysis, coming out of AMP, found that 21% of women were withdrawing ...
APRA quashes super liquidity concerns
HARRISON WORLEY  |  THURSDAY, 28 MAY 2020
... Thursday, APRA revealed superannuation funds haven't had any serious liquidity issues as a result of the Early Release Scheme, nor do they expect to. "Has APRA been contacted by or informed by any super fund that it has or anticipates having any liquidity ...
Super escapes COVID-19 hit
HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... not-for-profits are up 6.2%." Despite fears super funds would struggle to meet the demands of the government's Early Release Scheme, APRA's data shows funds were well stocked to battle drains on their liquidity. In the three months from December ...
Industry funds pulled back to the pack
HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... particular resulting from allocations to illiquid assets and the expected increase in benefit payments under the early release scheme - we now predict that SMSFs will again move significantly ahead of the other sectors." Though Rainmaker executive director ...
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