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Showing 21 - 30 of 128 results for "Financial hardship"

Heightened costs push young Aussies to plan ahead: HESTA

MATTHEW WAI | TUESDAY, 27 AUG 2024

... they did not alter their retirement plans, while 6% have been forced to either withdraw their super due to financial hardship or cut back on salary sacrifice contributions. Further, the study revealed that the top concern of retirement was running out ...

CSLR makes inaugural payments

KARREN VERGARA | TUESDAY, 11 JUN 2024

... fled the country, leaving her and her family in a difficult financial situation that led to applying for a financial hardship loan to meet their mortgage repayments. Another couple from Sydney's Hills District was paid $150,000 in compensation after ...

Australians selling assets over seeking help: ASIC

ELIZA BAVIN | MONDAY, 3 JUN 2024

... The Australian Securities and Investments Commission (ASIC) released new research which sheds light on the financial hardship faced by Australians. The research found that 47% of Australian adults with debt, the equivalent of 5.8 million people, have ...

Auditors lambast mandatory climate reporting requirements

ELIZA BAVIN | TUESDAY, 23 APR 2024

... climate reporting Bill is fit purpose. I'm certain they don't want to send smaller business into unnecessary financial hardship as a result of these planned new reporting requirements." Meantime, Australian Securities and Investments Commission (ASIC) ...

AFCA reports unprecedented complaint spike

ANDREW MCKEAN | TUESDAY, 9 JAN 2024

... increase from the previous year's figures. This escalation was driven by an alarming rise in scam-related and financial hardship complaints. AFCA registered 8987 complaints related to scams, up 95% from the previous year, while complaints involving financial ...

Young women report low financial literacy: NAB

CASSANDRA BALDINI | FRIDAY, 24 NOV 2023

Young Australian women are reporting lower financial literacy levels and are at greater risk of financial hardship, according to new NAB research. NAB's Financial hardship survey, revealed the most significant dip in financial literacy is seen in ...

Financial hardship neglect lands Westpac in court

KARREN VERGARA | TUESDAY, 5 SEP 2023

... hardship notices within 21 days as required by law. Between 2015 and last year, 229 customers experiencing financial hardship - many of whom were unable to work or had serious medical conditions or carer responsibilities - were ignored by the bank. In ...

ASIC sues debt management firm, director

CHLOE WALKER | THURSDAY, 10 AUG 2023

... has alleged that between April 2020 to June 2022, Solve My Debt Now exploited customers who were experiencing financial hardship by offering to manage their debt. In many cases, however, My Debt Now failed to pass on its customer's payments to creditors ...

Labor strengthens economic equality initiatives

KARREN VERGARA | TUESDAY, 9 MAY 2023

... achieve better outcomes, including for victim-survivors. Given that single parents can face higher rates of financial hardship and barriers to employment as they navigate the significant costs and responsibilities associated with caring for and raising ...

Early super release scheme a mistake: ISA

ANDREW MCKEAN | FRIDAY, 17 MAR 2023

... major cities. Although the early release of super was intended to provide relief to Australians experiencing financial hardship as a result of the pandemic, the study also found many used withdrawn funds for non-essential purchases such as takeout food ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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