EARLY RELEASE

Financial planning

COVID-19 continued to be top of mind for advisers and their clients in the September quarter, according to BT Financial Group....

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Superannuation

As Senator Andrew Bragg calls for open access for super, Aware Super has reiterated calls for a clear industry objective to be in place....

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Superannuation

Far from embarking on spending sprees, the majority of those who accessed their superannuation early used the funds for paying off household bills or mortgages, according...

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Policy & Regulation

Superannuation funds did not misuse intra-fund advice with respect to either early release superannuation or insurance, according to the Australian Securities and Investm...

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Policy & Regulation

CPA Australia has not only backed industry funds on urging the Government to use the Budget to allow early release superannuation top-ups but has also backed funding a th...

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Superannuation

Ten superannuation funds experienced outflows in excess of a billion dollars as a result of the Government’s COVID-19 hardship superannuation early release regime, with i...

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Financial planning

The Australian Securities and Investments Commission need only regulate in the same terms it did for early release superannuation advice to extend intra-fund advice, acco...

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Superannuation

2020 was the year of the Government’s hardship early release superannuation scheme and it was also a year during which the Australian Competition and Consumer Commission ...

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Superannuation

When the Government’s early release superannuation scheme comes to an end, 10 funds will have made over 60% of the payments, most of them being industry funds....

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Superannuation

Some superannuation funds have been confirmed as having faced a liquidity squeeze as a result of the Government’s early release superannuation regime while some members l...

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Superannuation

Superannuation members who took advantage of the early access to super scheme could tilt their investment strategy instead of making extra contributions to recover their ...

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Superannuation

Less than 24 hours out from the tabling of the Federal Budget, the Assistant Minister for Superannuation, Senator Jane Hume, has spoken of a third tranche of superannuati...

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Superannuation

A pause in the superannuation guarantee at its current 9.5% is looking almost certain in next month’s Budget and no one is ruling out a further extension to hardship earl...

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Superannuation

At least two companies were warned by the regulator to stop charging fees ranging from $199 to $299 for facilitating superannuation early release when the process is mean...

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Financial planning

Hostplus openly offered members comprehensive advice around the Government’s hardship early release scheme but most only wanted general advice about how it worked and how...

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