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early release of super
Superannuation
There were a further 21,000 superannuation members who applied for the early release of their super in the week before the scheme ended, with 31% representing repeat appl...
Superannuation
A combination of the COVID-19-induced market volatility plus early release superannuation has seen Australia’s total superannuation assets go backwards....
Superannuation
The COVID-19 early release superannuation scheme has forced people to choose between poverty now or poverty in retirement, the Australian Institute of Superannuation Trus...
Superannuation
Most issues relating to the early release of superannuation were surrounding member identification and members “jumping the gun” if their funds were not received within f...
Superannuation
The COVID-19 hardship early release of superannuation scheme will not be extended for a second time, according to the Assistant Minister for Superannuation, Financial Ser...
Women's Wealth
The superannuation gender gap for women aged 25 to 34 before the early super release scheme was at 21%, and this more than doubled to 46% after using the scheme, accordin...
Superannuation
Superannuation members could be looking at working an extra two to eight years before retiring due to the COVID-19 pandemic, according to Willis Towers Watson....
Superannuation
Membership fees are the lifeblood of industry superannuation funds and new analysis has revealed they appear to have taken a mighty hit from the Government’s hardship ear...
Superannuation
Superannuation funds may not necessarily be held responsible for making good the losses caused by fraud around the Government’s hardship superannuation early release regi...
Superannuation
A more than $1 trillion impact on superannuation assets is being forecast over the next 10 years as industry superannuation funds warn the Government against further exte...
Superannuation
The total number of repeat applications for the Government’s super access hardship scheme has reached one million with an average payment of $8,619, according to data....
Financial advice
Over the next few months superannuation funds will be looking to engage with their members who took out the hardship scheme on how they can rebuild their super balance, a...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...