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Showing 91 - 100 of 106 results for "Financial hardship"

UK adds SMSF after slashing Australian pension schemes

ALEX BURKE  |  TUESDAY, 8 SEP 2015
... "serious ill health." Many Australian super funds, however, also provision for early release in cases of severe financial hardship, balances below $200 and certain "compassionate grounds". As a result of being removed from the QROPS list, transfers into ...

AustralianSuper to pay early insurance to terminally ill

DARREN SNYDER  |  WEDNESDAY, 1 JUL 2015
... superannuation could have on their existing superannuation insurance policies. "People with a terminal illness suffer financial hardship because they are typically forced to stop working. Many of them need access to additional funds to pay for their ...

Insurance through super saves $403 million

STAFF WRITER  |  FRIDAY, 29 AUG 2014
... fund," ASFA chief executive Pauline Vamos said. "Default insurance has also helped thousands of people deal with financial hardship after an unexpected tragedy. Without it, it's likely many people would not even have a basic cover of life, TPD or income ...

Allianz wins top insurance award

MARK SMITH  |  MONDAY, 22 OCT 2012
... through their super but many have only accepted the default level, which can leave them exposed to the risk of financial hardship if something were to happen that prevented them from earning an income." Towell finished "Allianz is playing an important ...

Commonwealth Fin Plng compensates investors

ASIC RELEASE  |  WEDNESDAY, 3 NOV 2010
... receiving inappropriate advice. Interim compensation payments may also be offered to clients who are subject to financial hardship due to inappropriate advice from the former representative. Its investigation into the former CFP representative is ong ...

More funds adopt intra-fund advice

RUTH LIEW  |  FRIDAY, 5 FEB 2010
... fund, increasing voluntary contributions, buying life insurance within AvSuper and accessing super early under financial hardship rules. "We applied for this authorisation in response to member requests for more meaningful and specific advice about AvSuper ...

The return of the cocooning consumer

MICHELLE BALTAZAR  |  FRIDAY, 21 AUG 2009
... who are shunning property and shares in favour of cold, hard cash to protect themselves against job loss or financial hardship. The research firm found that many Australians are no longer using their savings accounts for kitty money but instead look ...

GFC drives insurance awareness: AXA

COMPANY RELEASE  |  FRIDAY, 19 JUN 2009
... halved. The AXA 2009 Protection Report found the number of respondents that said they were "likely" to come into financial hardship rose 17 per cent to 33 per cent, or one in three, since the last survey was conducted in 2007. "Two years ago we had the ...

Govt lifts financial hardship threshold

WWW.THESHEET.COM  |  MONDAY, 27 APR 2009
National consumer credit laws will adopt a higher threshold at which lenders are obliged to formally consider a variation to a loan where a customer cannot pay due to illness, unemployment or other reasonable causes. The government plans to lift the ...

Westpac lends aid to financial counsellors and SMEs

COMPANY RELEASE  |  MONDAY, 6 APR 2009
... Westpac will provide $1 million in funding and support to financial counselling organisations and expand its financial hardship program, Assist, into small-to-medium (SME) business lending. Westpac Group chief Gail Kelly said the $1 million in funding ...