Search ResultsShowing 1 - 10 of 100+ results for "Treasury"
Super funds probed on liquidity, rental assistance measures
KANIKA SOOD  |  MONDAY, 6 APR 2020
... early release with the reasons why. The total drawdown estimates from early release vary from $27 billion, according to Treasury, to $40-$50 billion, according to Rice Warner. APRA has already asked superannuation funds to submit their in-house modelling ...
Is it time to lean on the Future Fund?
KANIKA SOOD  |  THURSDAY, 2 APR 2020
... support tapping into the Future Fund to pay for early release, whose estimates range from $27 billion, according to Treasury, to $40 billion to $50 billion, according to Rice Warner. "I don't see the need to drawdown on the Future Fund because governments ...
Super funds asked to model early release impact
KANIKA SOOD  |  TUESDAY, 31 MAR 2020
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation ...
Early access nightmare for administrators
ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... themselves to large volumes and there will need to be some adjustments to both technology and processes to accommodate." Some Treasury communications are already directing people who have lost their jobs as a result of COVID-19 and want early access ...
Early super access impact double Treasury estimates
HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... Australians suffering financial stress to access their super early to be well above the $27 billion originally offered by Treasury. Rice Warner said that while the original figure "appears manageable", the impact would vary from fund to fund, noting ...
Chief economist update: COVID-19 eating into jobs
BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
... to 5.5%, moving back to 2015 levels in just one week." (EPI) We're doomed! Well, it all depends on whether the US Treasury and the Fed's largesse - needless to say, a cure for the coronavirus is discovered soon - are able to revive confidence ...
Chief economist update: The cheaper alternative
BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
... 11 and 15 bps on the 19th and increased its bond purchases by £200 billion to £645 billion - while the UK Treasury reportedly plans to spend as much as 15% worth of the UK's national output. To limited avail. But Johnson's draconian ...
Positives from the pandemic for advisers
ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... those who have committed suicide, but the following events look promising," Johnson said. The AIOFP is positive about Treasury's request for market views on the Compensation Scheme of Last Resort because submissions and commentary are acknowledging that ...
Chief economist update: Lock us down Scotty!
BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... CMBS (statement)." "Also announced three new lending facilities designed to support $300 billion in new funding, with Treasury to cover $30 billion in losses (statement). Reintroduced the Term Asset-Backed Securities Lending Facility (TALF) to support ...
Early release better than SG freeze
KANIKA SOOD  |  MONDAY, 23 MAR 2020
... next two financial years if they have lost a job or 20% of their income, as COVID-19 knocks down economic activity. The Treasury estimates it will cost about $27 billion or 1% of the superannuation system's total assets. To add context, in the five ...
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