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Showing 61 - 70 of 111 results for "Financial stress"

Aussie banks battered by pandemic

ALLY SELBY  |  TUESDAY, 5 MAY 2020
... coming months. "The banks face a substantial challenge in how they balance the competing needs of customers under financial stress with prudently managing capital to remain able to provide ongoing credit support to the broader economy," he said. Lower ...

Consumers looking for reassurance: MetLife

ELIZA BAVIN  |  THURSDAY, 9 APR 2020
... MetLife Australia said super funds and financial advisers have a significant role to play in helping ease the financial stress of their customers. "According to our research, 58% of people surveyed claim that COVID-19 has already directly impacted their ...

MLC waives licensee fees, delays dealer group transitions

JAMIE WILLIAMSON  |  WEDNESDAY, 1 APR 2020
... provide training and support for transitions on or after 1 April 2020," Lloyd said. For those advisers suffering financial stress or hardship, Lloyd encouraged them to contact their licensee head to discuss options for support; "NAB is very much open ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... super fund, especially after the government allowed early access to superannuation for Australian's under financial stress amid the crisis. Calls for super release to borrow from RBA A University of Melbourne finance professor and Super Consumers ...

Early super access impact double Treasury estimates

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... Research house Rice Warner has assessed the impact of the government's decision to allow Australians suffering financial stress to access their super early to be well above the $27 billion originally offered by Treasury. Rice Warner said that while the ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... spokesperson told Financial Standard the scams have increased since the government announced Australians suffering financial stress as a result of the economic impacts of COVID-19 could access up to $10,000 of their superannuation balance this year ...

COVID-19 to hasten merger talks

HARRISON WORLEY  |  TUESDAY, 24 MAR 2020
... super fund, especially after the government allowed early access to superannuation for Australian's under financial stress amid the crisis. "These contributions to fee income will have fallen considerably, and several funds will now be in a position ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... economic fallout were announced on Sunday afternoon, including the early release of super for Australians in financial stress as a result of COVID-19. Eligible Australians will be able to draw up to $10,000 from their super accounts for the rest of this ...

Light on horizon for global economy

ELIZA BAVIN  |  TUESDAY, 21 JAN 2020
... other areas that may not yet feel the direct effects, including by contributing to cross-border migration or financial stress (for instance, in the insurance sector)." The fund urged policymakers to priorities investment in mitigating climate change ...

2020: Year of the fragile economy

ALLY SELBY  |  THURSDAY, 9 JAN 2020
... outlook for 2020, aptly named "Fragile, Handle with Care". Trade tensions, slowing growth in major economies, financial stress in emerging markets, escalating geopolitical tensions and extreme weather events all threaten to tip the world's economic scales. ...