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Search ResultsShowing 1 - 10 of 100+ results for "Early Release of Super"
Super sneaks back to $3tn in assets
ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... September 2020 quarter, according to the latest statistics from APRA. Despite the effects of the government's early release of super scheme, coupled with market volatility and a sharp economic downturn, the super system has staged a comeback. Total contributions ...
Labor, unions, industry funds seethe
ELIZABETH MCARTHUR  |  FRIDAY, 20 NOV 2020
... once again, they're laying the groundwork for another backflip." He also pointed out that thanks to the early release of super program the government bought in to allow people to access their retirement savings to get them through COVID-19, 600,000 Australians ...
Australians drain $35bn from super
ELIZA BAVIN  |  MONDAY, 16 NOV 2020
Around $35 billion has been removed from Australians retirement savings as the governments' early release of super (ERS) scheme edges towards its close. Having opened in April this year in response to the immediate effects of the COVID-19 lockdown ...
ATO prepares for end of ERS
ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
... Australian Taxation Office (ATO) has announced the end of year shutdown and program closure arrangements for the early release of super (ERS) scheme. Since April 3.3 million Australians have taken over $34 billion out of their retirement savings through ...
IOOF appoints executive, continues growth push
ELIZA BAVIN  |  THURSDAY, 29 OCT 2020
... executive Renato Mota said the broad ranging impacts of COVID-19 continued to affect flows, especially with the early release of super (ERS) scheme. "However, our scale, economic diversity and business strength contributed to the maintenance of a steady ...
Ask and you shall receive
ELIZA BAVIN  |  MONDAY, 26 OCT 2020
The latest APRA data for the government's Early Release of Super (ERS) reveals that 98% of applications received by the Australian Taxation Office (ATO) have been paid out by funds. The prudential regulator said that as at October 18, 98% of the applications ...
Bumpy quarter for AMP
KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... continued to face into the disruption, remaining focused on supporting our clients through programs such as the early release of super, and by providing financial advice to those who need it." AMP's three-year turnaround strategy is now moving into ...
APRA reduces ERS reporting for funds
ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... has announced it will cut down on the amount of information it requires funds to provide as part of the Early Release of Super reporting standards. From September 30, APRA said it will only require sections 6-8 of SRF 91.1: COVID-19 Pandemic Data Collection ...
Super needs improvement: Report card
KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
... of 2020. The pandemic also saw many governments open the floodgates to pension benefits. Australia's early release of super scheme enabled members whose income had dropped by more than 20% to access up to $20,000. India allowed partial withdrawals ...
Sunsuper cops rating downgrades
ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... it was reassuring that Sunsuper did not run into any problems with demand for liquidity as a result of early release of super scheme. Furthermore, Morningstar noted the industry fund's strong governance and investment expertise capitalises on its ...
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