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Showing 211 - 220 of 1325 results for "AFFECTED"

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
... violence. The FSC said that in developing these policies, life insurers must make sure that safety is paramount for customers affected by family and domestic violence through the protection of private and confidential information. Life insurers must ...

Piecemeal super taxes won't fix budget deficit: FSC

ANDREW MCKEAN  |  FRIDAY, 14 OCT 2022
... modelled outcome is expected to raise approximately $1.04 billion per year but reduce retirement savings by up to 36% for affected individuals. Measure two reduced the tax concession on pre-tax contributions, reducing the $27,500 annual cap on pre-tax ...

Financial stability risks escalate: RBA

ANDREW MCKEAN  |  MONDAY, 10 OCT 2022
... period of very low loan arrears. Debt-servicing challenges will become more difficult still if household incomes are affected by worse-than-expected labour market outcomes." While corporate indebtedness in Australia remains low, many businesses face ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... temporarily share approved government identifier information, such as drivers licence, Medicare and passport numbers of affected customers, with APRA-regulated entities to allow them to implement enhanced monitoring and safeguards for customers affected ...

AMP cops $14.5m penalty over fees for no service

JAMIE WILLIAMSON  |  TUESDAY, 20 SEP 2022
... "Put simply, the advice licensees took money to which they were not entitled from the superannuation accounts of the affected members, and continued to do so for a long period of time after many complaints had been made. AMP Superannuation and AMP Life ...

Will listed infrastructure protect portfolios during market downturn?

CASSANDRA BALDINI  |  THURSDAY, 15 SEP 2022
... for global equities. However, the report highlighted that global equities and listed infrastructure were significantly affected in 2020 by the market volatility at the beginning of the pandemic. "As of the end of July 2022, global equities have faced ...

NZ Super shifts $25bn to low carbon indices

RACHEL ALEMBAKIS  |  WEDNESDAY, 14 SEP 2022
... range of risk, return, cost and implementation considerations. "We're confident fund performance will not be adversely affected and see both cost and efficiency benefits in the changes. The new indices provide a simple, off-the-shelf solution for our ...

2022 is the hardest year to retire: Report

CASSANDRA BALDINI  |  WEDNESDAY, 14 SEP 2022
... asset classes in different ways with interest bearing securities and those investors who are retiring this year, most affected. "We know superannuation is a long-term investment proposition, and through investment diversification and strategic asset ...

CSLR establishment is critical: FPA

CHLOE WALKER  |  FRIDAY, 12 AUG 2022
... said. "This would leave financial planners to foot most of the bill for a scheme that would have left the majority of affected consumers unprotected." At present there is $3.7 million in unpaid AFCA determinations relating to financial advice due to ...

Financial abuse linked to violence: CBA, UNSW

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... one in 13 men have experienced domestic or family violence by an intimate partner. Of those who seek support, 90% are affected by financial abuse. UNSW professor Jan Breckenridge commented: "These are concerning figures. Financial abuse is not limited ...