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Showing 21 - 30 of 111 results for "Financial stress"

Cost-of-living crisis puts young members at risk: Rest

ANDREW MCKEAN  |  TUESDAY, 31 OCT 2023
... retirement. A survey commissioned by the $75 billion industry fund revealed that 73% of its young members experiencing financial stress say that it's adversely affecting their mental health. The research discovered that young Rest members are disproportionately ...

Australia vulnerable to further shocks: RBA

CASSANDRA BALDINI  |  MONDAY, 9 OCT 2023
... declines in profits and low cash buffers are more likely to reduce their number of employees, and therefore transmit financial stress to households. According to the report a small but rising share of borrowers are on the cusp, or in the early stages ...

TAL offers super funds financial literacy tools for employers

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
... cost-of-living crisis. According to new research from TAL, about 25% of employees are experiencing a high level of financial stress, and 40% said it is impacting their work - so much so that 41% of them have taken time off work to deal with their personal ...

ASFA, Super Consumers Australia revise retirement standards

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... up this shortfall and cover the increased cost of living." Retired renters have higher levels of poverty and financial stress than homeowners, it added. "As we've previously highlighted, public support like Commonwealth rental assistance simply isn't ...

Foresters Financial launches tax-effective education bond

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... plan for families to plan and invest in their future generations educational outcomes, capabilities and reduce financial stress."

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... service BNPL debt. He added last year ASIC found that 19% of BNPL consumers showed two or more indicators of financial stress, such as cutting back on essential items or missing payments on other bills. "We have heard that some people are opening multiple ...

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 ...