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Showing 71 - 80 of 129 results for "Financial hardship"

Seek financial advice: Hume

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 APR 2020
... that early release could undermine the super system as a whole. "Access to superannuation in situations of financial hardship has always been available. All that's happened now is that we've changed the definition of what financial hardship is," ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... have been diagnosed with COVID-19, have a spouse or dependent who was diagnosed with it, or are experiencing financial hardship from quarantine, job losses, or childcare are able to take up to US$100,000 from their accounts until December 31 without ...

AFCA extends complaints response time

ALLY SELBY  |  THURSDAY, 16 APR 2020
... some parts of the financial services industry are under, with unprecedented levels of customer queries and financial hardship requests," Locke said. "It also gives consumers more realistic expectations about when they will get a response. "Where the ...

Superannuation fund cuts pay in C-suite

KANIKA SOOD  |  TUESDAY, 14 APR 2020
... government sector, and we recognise that this is a sector that is expected to be hard hit as ratepayers experience financial hardship. "I am committed to ensuring that our members and community stakeholders understand that we are at one with them and ...

Hostplus responds to PDS controversy

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... government's early access to super plan. "[Hostplus] has ample liquidity available to support members undergoing financial hardship," the spokesperson said. The media scrutiny of Hostplus' liquidity has occurred after years of the fund publicly spruiking ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
... themselves and their families." Elia added that the fund has ample liquidity available to support members undergoing financial hardship. However, he did warn members to think carefully about the potential future impacts of accessing their super early. ...

Early access nightmare for administrators

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... strict deadline - one that administrators admit they might struggle to meet. While early access to super due to financial hardship is already available, dealing with such volumes of members accessing this option all at once is unprecedented. Link Group ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... eligible to access $10,000 from their super this year under the government's plan to assist those facing financial hardship as a result of COVID-19. Early release to bite retirement hard Rainmaker modelled after-fee, after-tax superannuation outcomes ...

Super fund warns self-employed of early release risks

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... setting them up for a disastrous situation in retirement," GigSuper said. The government will allow those facing financial hardship as a result of COVID-19 and the subsequent shutdown of many businesses to access up to $10,000 of their super this year ...

Global hiring freeze for BlackRock

ELIZABETH MCARTHUR  |  THURSDAY, 26 MAR 2020
... Elliot took to LinkedIn Live to say ANZ is hiring to meet the extra demand brought about by those experiencing financial hardship. The bank moved 150 staff to its hardship division and is hiring more. Commonwealth Bank is also hiring for face-to-face ...