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Showing 21 - 30 of 105 results for "Financial hardship"

Crackdown on ERS scams continues

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... financial assistance or payments for staying home," Scamwatch said. "Scammers are taking advantage of people in financial hardship due to COVID-19 by attempting to steal their superannuation or by offering unnecessary services and charging a fee. "The ...

Household capital remains key: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... income or asset values could impede their ability to service mortgage repayments and push some households into financial hardship." Household Capital welcomed the findings in the review and said it could lead to Australia to be a world leader in the ...

Insurers must shape up on mental health: TAL

ELIZABETH MCARTHUR  |  THURSDAY, 5 NOV 2020
... predict mental health conditions. This could have consequences for the life insurance industry. For example, financial hardship is a predictive factor for mental health conditions - so during economic slumps insurers could theoretically see an increase ...

Aussies continue to drain super

ELIZA BAVIN  |  MONDAY, 12 OCT 2020
... scheme, with $33.8 billion having been already paid to members. The scheme was introduced for those facing financial hardship due to the COVID-19 lockdowns to be able to access their superannuation savings. The scheme was extended until the end of the ...

Effects of ERS not so bad: Grattan

ELIZA BAVIN  |  THURSDAY, 8 OCT 2020
... don't think it was enforced strongly enough. It should have only been available to people who were in genuine financial hardship. It doesn't seem the government has enforced that criteria and some people may have accessed the scheme that didn't ...

Insurers prepare for tragic COVID-19 fall-out

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... increase in mental health claims in the wake of COVID-19, with the insurer acknowledging the psychological toll of financial hardship. "There is a direct connection between financial wellbeing and mental health. Our research shows when people are feeling ...

Interim insolvency protections extended

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
Small businesses suffering financial hardship as a result of COVID-19 will have temporary insolvency and bankruptcy protections in place until the end of the year. The federal government has extended temporary insolvency and bankruptcy protections until ...

Majority of ERS applications double dippers

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
... have withdrawn their super are repeat offenders and suggests that there are fewer people experiencing sudden financial hardship since the initial hit of COVID-19. Over the week to August 30, superannuation funds made payments to 51,000 members, bringing ...

Banks to assess loan deferrals

ANNABELLE DICKSON  |  MONDAY, 7 SEP 2020
... assessment will require customers who are able to resume payments to do so. For those customers who are still in financial hardship, banks will work with customers to restructure or vary loans such as extending the term of the loan or changing to interest ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
ASIC is granting new relief measures to help investors facing financial hardship get access to money stuck in frozen funds. Pandemic-induced volatility has seen a number of managed investment schemes freeze redemptions for fear of undermining their ...