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....

image
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....

image
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...

image
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...

image
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...

image
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...

image
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...

image
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 ...

image
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....

image
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...

image
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 ...

image
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...

image
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...

image
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...

image
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...

image
 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

4 days 4 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

4 days 5 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

5 days 4 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

8 months 4 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 1 week ago