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Showing 11 - 20 of 95 results for "Financial stress"

APRA finalises rules for financial crisis readiness

ANDREW MCKEAN  |  FRIDAY, 19 MAY 2023
... was finalised in December 2022, mandates all APRA-regulated entities to have plans for responding to "severe" financial stress. This includes steps to restore financial resilience or exit the industry safely, with a focus on protecting stakeholders like ...

Blackstone limits withdrawals on $103bn real estate fund

CASSANDRA BALDINI  |  TUESDAY, 4 APR 2023
... following a rise in redemption requests in March. During a month of "tremendous market volatility" and "broad-based financial stress," Blackstone said BREIT received requests of US$4.5 billion and fulfilled approximately US$666 million, which represents ...

The unique experience of a single woman

CASSANDRA BALDINI  |  TUESDAY, 21 MAR 2023
... compared to 49,510 in 2020, why wouldn't she? "It's those big life-altering moments that can cause the most financial stress," she explains, recalling instances of former couples fighting over settlements in her office. "Most women in their 50s ...

Advised Aussies better off on all fronts: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2022
... "Australians with an active relationship with a financial planner are better off in multiple ways. They suffer less financial stress, enjoy a higher quality of life, have more financial confidence, and are more satisfied with their wealth," FPA chief ...

Financial stress at record highs: AMP

ANDREW MCKEAN  |  WEDNESDAY, 7 SEP 2022
Australian workers' financial stress has risen sharply, costing the economy $67 billion in lost productivity annually. According to AMP's 2022 Financial Wellness report, stress is higher than ever, almost doubling over the past two years. "The ...

APRA aims to bolster financial crisis response

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... Financial Contingency Planning (CPS 190) would ensure all APRA-regulated entities have plans for responding to severe financial stress. It said these plans would set out actions that an entity would take to restore financial resilience or exit the industry ...

Financial abuse linked to violence: CBA, UNSW

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... shared wealth and resources can move beyond positive sharing and support to increase a victim-survivor's financial stress," Breckenridge stated. Congruently, research called for financial services to invest in culturally appropriate financial literacy ...

Is the wage price spiral narrative a lie?

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... big businesses are actively making choices which harm the economy and are putting millions of households under financial stress in order to increase their margins and secure record chief executive bonuses." "It also reiterates that wage growth, which ...

Young Australians more 'super savvy': Equip

ANDREW MCKEAN  |  MONDAY, 11 JUL 2022
... difficult for young Australians so it's not surprising there's a trend towards taking measures to reduce ongoing financial stress in later life," Cameron stated. "Prioritising voluntary contributions from a young age is one way people can set themselves ...

Tax, welfare reform on election agenda

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
... election. The report examines three options for helping families and individuals at risk of deep poverty and financial stress. The lowest cost measure for the government increases JobSeeker by $150 per fortnight. The 'medium' option increases JobSeeker ...