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Showing 1 - 5 of 5 results for "Super early release"

Long-term cost of super early release to be $85bn: SMC

CHLOE WALKER  |  FRIDAY, 1 MAR 2024
Australian taxpayers may face an $85 billion bill due to the COVID-era Early Release of Super scheme, according to a new analysis by the Super Members Council (SMC). Using the Superannuation, Pensions, and other Retirement OUTcomes (SPROUT) model, the ...

Total super assets grow to $3.4tn

ANDREW MCKEAN  |  WEDNESDAY, 25 MAY 2022
... 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 of lump sum benefit payments of around $20 billion spiking to $37 billion ...

Aussie investors unhappy with pandemic performance

ANNABELLE DICKSON  |  TUESDAY, 28 JUL 2020
... the end of 2020. bfinance Australian senior director Frithjof van Zyp said: "The sudden introduction of the super early release scheme will have likely further contributed to superfunds having to rethink their strategic asset allocations." The survey ...

Australians look to rebuild super: AMP

ELIZA BAVIN  |  TUESDAY, 16 JUN 2020
... May, but 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 ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... concentrations of members in sectors like tourism, hospitality and retail would fare, APRA's fund-level data on the super early release scheme showed funds with very diverse membership bases also had significant volumes of early release applications. ...
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