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Showing 51 - 60 of 128 results for "Financial hardship"

Majority of ERS applications double dippers

ELIZA BAVIN | MONDAY, 7 SEP 2020

... have withdrawn their super are repeat offenders and suggests that there are fewer people experiencing sudden financial hardship since the initial hit of COVID-19. Over the week to August 30, superannuation funds made payments to 51,000 members, bringing ...

Banks to assess loan deferrals

ANNABELLE DICKSON | MONDAY, 7 SEP 2020

... assessment will require customers who are able to resume payments to do so. For those customers who are still in financial hardship, banks will work with customers to restructure or vary loans such as extending the term of the loan or changing to interest ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON | THURSDAY, 27 AUG 2020

ASIC is granting new relief measures to help investors facing financial hardship get access to money stuck in frozen funds. Pandemic-induced volatility has seen a number of managed investment schemes freeze redemptions for fear of undermining their ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR | WEDNESDAY, 19 AUG 2020

... scammers created a convincing graphic claiming that Coles, Woolworths and Aldi wanted to help people suffering financial hardship as a result of COVID-19 by giving them gift cards. All people had to do to get a gift card was fill in an online survey ...

SG increase will be deferred: Knox

ELIZA BAVIN | WEDNESDAY, 5 AUG 2020

... our members, we found that nearly a quarter of those who accessed ERS did so out of anxiety and not due to financial hardship," Campo said. "The compounded impact of this, not just on individual members, but on the industry as a whole, will be significant. ...

Spend your money how you please: PM

ELIZA BAVIN | FRIDAY, 31 JUL 2020

... sort of government we are." Morrison stressed people should not be taking the money out unless they are facing financial hardship, and therefore have the right to use the funds however they please if it helps them. "It is their money and if they believe ...

Debt vulture crackdown welcome

ELIZABETH MCARTHUR | WEDNESDAY, 29 JUL 2020

... COVID-19, business will be booming for debt vultures." NAB said that in 2019 20,000 of its customers sought financial hardship assistance and about 9% of those engaged debt management providers that charged fees. So far in 2020, NAB has already seen ...

AFCA sees 14% rise in complaints

ELIZA BAVIN | THURSDAY, 2 JUL 2020

... pandemic has had a particular impact on Australian households, with 20% of COVID-19 related complaints being about financial hardship," he said. Locke said AFCA saw less complaints relating to COVID-19 than anticipated due to the proactive response taken ...

Super withdrawals being misused

ELIZABETH MCARTHUR | MONDAY, 1 JUN 2020

... Spending for those who accessed their super early increased, although the scheme was designed to support people in financial hardship. On average, people withdrew $8000 and spent an extra $2855 in two weeks above their usual fortnightly spending. Bligh ...

Time to buy residential property: Survey

ALLY SELBY | THURSDAY, 28 MAY 2020

... the rental relief. "It's clear from the survey that landlords worked with tenants who were suffering genuine financial hardship during these difficult times, with only a very small percentage not coming to a mutual agreement," Kingsley said. "It's also ...

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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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