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Showing 41 - 50 of 128 results for "Financial hardship"

Equal Pay Day offers sobering reminder

ELIZABETH MCARTHUR | TUESDAY, 31 AUG 2021

This Equal Pay Day has provided a reminder that many Australian women will face financial hardship - especially in old age - if equality of pay is not addressed. The gender pay gap in Australia grew over the last year, Aware Super chief executive Deanne ...

ERS spending revealed

ELIZABETH MCARTHUR | WEDNESDAY, 21 APR 2021

The Australian Bureau of Statistics has revealed what people who accessed their super early due to financial hardship caused by COVID-19 spent the money on. The ABS found that 29% of people who accessed their super in the early release of super program ...

Financial services sees improved mental health

ELIZA BAVIN | MONDAY, 15 FEB 2021

... financial and insurance services workers were in high demand to respond to government measures designed to ease the financial hardship faced by many Australians. Helping Australians navigate the early release of super scheme, mortgage deferrals and reductions ...

Crackdown on ERS scams continues

ELIZA BAVIN | MONDAY, 18 JAN 2021

... financial assistance or payments for staying home," Scamwatch said. "Scammers are taking advantage of people in financial hardship due to COVID-19 by attempting to steal their superannuation or by offering unnecessary services and charging a fee. "The ...

Household capital remains key: RIR

ELIZA BAVIN | FRIDAY, 20 NOV 2020

... income or asset values could impede their ability to service mortgage repayments and push some households into financial hardship." Household Capital welcomed the findings in the review and said it could lead to Australia to be a world leader in the ...

Insurers must shape up on mental health: TAL

ELIZABETH MCARTHUR | THURSDAY, 5 NOV 2020

... predict mental health conditions. This could have consequences for the life insurance industry. For example, financial hardship is a predictive factor for mental health conditions - so during economic slumps insurers could theoretically see an increase ...

Aussies continue to drain super

ELIZA BAVIN | MONDAY, 12 OCT 2020

... scheme, with $33.8 billion having been already paid to members. The scheme was introduced for those facing financial hardship due to the COVID-19 lockdowns to be able to access their superannuation savings. The scheme was extended until the end of the ...

Effects of ERS not so bad: Grattan

ELIZA BAVIN | THURSDAY, 8 OCT 2020

... don't think it was enforced strongly enough. It should have only been available to people who were in genuine financial hardship. It doesn't seem the government has enforced that criteria and some people may have accessed the scheme that didn't ...

Insurers prepare for tragic COVID-19 fall-out

ELIZABETH MCARTHUR | FRIDAY, 2 OCT 2020

... increase in mental health claims in the wake of COVID-19, with the insurer acknowledging the psychological toll of financial hardship. "There is a direct connection between financial wellbeing and mental health. Our research shows when people are feeling ...

Interim insolvency protections extended

KARREN VERGARA | THURSDAY, 10 SEP 2020

Small businesses suffering financial hardship as a result of COVID-19 will have temporary insolvency and bankruptcy protections in place until the end of the year. The federal government has extended temporary insolvency and bankruptcy protections until ...

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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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