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Showing 1 - 10 of 100+ results for "Early Release of Super"

Aussies lose $328m to investment scams

KARREN VERGARA  |  MONDAY, 7 JUN 2021
Fake investment opportunities fleeced Australians $328 million and accounted for the largest scams in 2020. This is according to the Australian Competition & Consumer Commission's (ACCC) latest report Targeting Scams, which unveiled a recording-breaking ...

Family law super reforms released

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
The government has released the long-awaited exposure draft legislation intended to prevent individuals from hiding superannuation assets in family law proceedings. The exposure draft legislation will use information held by the Australian Taxation ...

Accessing super cements inequality: Report

ELIZABETH MCARTHUR  |  TUESDAY, 25 MAY 2021
... the impact of COVID-19 on low-income earners in Australia, with findings illustrating harm caused by the early release of super program. The Brotherhood of St Lawrence Shocks and Safety Nets report found that financial wellbeing decreased for low-income ...

Hostplus eyes Intrust merger

KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 21 MAY 2021
The $61 billion Hostplus will combine with the $2.6 billion Intrust as it pursues its long-standing ambition of acquiring more members in Queensland, Financial Standard understands. The 33-year-old Intrust has about 96,000 members, and 30,000 employers ...

ERS applicants $3100 worse off

KARREN VERGARA  |  THURSDAY, 20 MAY 2021
Members who raided their retirement savings as a result of the early release of superannuation scheme could have been $3100 better off than if they had kept their balance intact, new research reveals. The McKell Institute, a thinktank, found that over ...

What COVID-19 did to super brand

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... Dee Madigan. Taking to the stage at Conference of Major Superannuation Funds, Madigan theorised that the early release of super response to COVID-19 might have not just hurt super fund's funds under management, but the brand reputation of super itself. ...

Raw truth on merger process: Panel

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... the way." She said that while the fund claimed COVID-19 delayed the merger, more specifically it was the early release of super program that made pushing ahead with the merger too risky. Deloitte partner Steve Freeborn, who works in mergers and acquisitions ...

Stapling will benefit Hostplus: David Elia

KANIKA SOOD  |  WEDNESDAY, 19 MAY 2021
... Conference of Major Superannuation Funds panel this morning. Hostplus paid out just under 10% of the total early release of super (ERS) withdrawals. Elia said the ERS withdrawals reminded the fund of the diversification of its member base. "The insights ...

Aged care workers depended on ERS: Research

KARREN VERGARA  |  WEDNESDAY, 19 MAY 2021
Aged care employees relied more on the early release of superannuation (ERS) scheme compared to other workers health and community services sectors, research from HESTA reveals. The proportion of HESTA members who work in aged care and childhood education ...

No early super release for DV survivors

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Among several other initiatives aimed at boosting women's economic security, the government has confirmed it will not proceed with plans to extend the early release of superannuation to family and domestic violence survivors. Scrapping the plan will ...
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