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Showing 31 - 40 of 128 results for "Financial hardship"

FSC adds to Life Insurance Code of Practice

CHLOE WALKER  |  TUESDAY, 25 OCT 2022
... including enabling early recognition of affected customers and promoting, enabling and arranging access to financial hardship help, and referring customers and employees to specialist support services. If applicable, insurers' policies should also include ...

Financial literacy in Australia drops by almost 10%

CASSANDRA BALDINI  |  TUESDAY, 6 SEP 2022
... longer-term savings goals, is as important as ever. The report also revealed that 13.4% of Australians have received financial hardship assistance within the last 12 months. A total of 43% of respondents between 18-24 said that they could not meet their ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... financial counsellors assist people who have received poor financial advice and as a result are experiencing financial hardship. A best interests duty means it is less likely that poor advice is provided."

Financial abuse linked to violence: CBA, UNSW

ANDREW MCKEAN  |  MONDAY, 1 AUG 2022
... such as refugee status, language barriers, experiencing depression and being older increased potential for financial hardship the research found. Breckenridge said cultural norms around finance, family harmony and care giving make financial abuse difficult ...

Office for Women combats financial abuse

ANDREW MCKEAN  |  WEDNESDAY, 27 JUL 2022
... experience improved financial security and wellbeing while organisations benefit from the reduced need for financial hardship services," the guide said. "Preventing financial abuse as an organisational priority means implementing values-based decision-making ...

Global alliance calls for BNPL regulations

CHLOE WALKER  |  THURSDAY, 17 MAR 2022
... nationally representative data that found 78% of people who have missed or been late on a payment have experienced financial hardship because of buy now, pay later fees, including taking out an additional loan or foregoing household essentials. The research ...

Members lean on super for financial hardships

KARREN VERGARA  |  TUESDAY, 1 FEB 2022
... their superannuation funds to access retirement savings based on compassionate grounds and in the event of financial hardship, APRA statistics show. Released overnight, APRA's June 2021 Superannuation Bulletin reveals that super funds paid out $16.5 ...

Pandemic sees boom in voluntary super contributions

ELIZABETH MCARTHUR  |  THURSDAY, 6 JAN 2022
Despite the financial hardships many have endured because of global lockdowns during the COVID-19 pandemic, AMP has noted its super members have made more voluntary contributions than usual during the period. AMP reported that analysis of its approximately ...

HESTA launches Future Planner tool

CHLOE WALKER  |  WEDNESDAY, 15 DEC 2021
... to." More than 80% of HESTA members are women and research indicates that women are less likely to experience financial hardship in retirement if they have access to help and guidance early on in their lives. HESTA chief advice officer Josh Parisotto ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... support separated couples to divide their property on a just and equitable basis. This will help alleviate the financial hardship and negative impact on retirement incomes that women in particular can experience after separation." The reforms were originally ...