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Showing 81 - 90 of 1325 results for "AFFECTED"

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
... regulators said. The regulators noted that life companies are also trialing new ways to communicate premium increases to affected customers including creating and consumer-test annual renewal letters and significant event notices. Meanwhile, the regulators ...

MP says Coalition will 'fight to the death' over $3m super tax

MATTHEW WAI  |  WEDNESDAY, 4 JUN 2025
... he said. Waters supports the policy and argued that only 0.5% - equivalent to approximately 130,000 people - will be affected. "I think it's important to remember that nobody watching your show would be impacted by this tax," she said. At one point ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... head of class actions Craig Allsopp welcomed the settlement. Allsopp said the settlement brings "long-awaited relief" to affected fund members, most of whom, he noted, were Queensland government employees and their spouses. He said many of these members ...

Cost-of-living, unaffordable advice fuels financial stress: Surveys

KARREN VERGARA  |  MONDAY, 26 MAY 2025
... Cassandra Goldie said the latest rate cut is "hugely important for people on low and modest incomes who have been worst affected by financial pressures." "We need further cuts to allow incomes to grow and reduce extremely high levels of financial stress ...

AFCA highlights 'pattern of delays' in super

ELIZA BAVIN  |  TUESDAY, 29 APR 2025
... firm." In one case study with an unnamed fund, AFCA said it observed a "pattern of delays" in the fund's responses which affected its Internal Dispute Resolution (IDR) referral period and working through AFCA's case management stages. "The issue was ...

Macquarie divests North America, Europe asset management units to Nomura

KARREN VERGARA  |  TUESDAY, 22 APR 2025
... business in its entirety, including all assets, teams, offices and operating platform. There are about 700 employees affected. About 50% of the business comes from equities, 40% from fixed income and 10% is multi-asset. Nomura will acquire 100% of the ...

NGS Super to launch lifetime income product

MATTHEW WAI  |  TUESDAY, 15 APR 2025
... to pre-retirees (66). Three in four pre-retirees (76%) and 72% of the entire cohort said the rising cost of living has affected their financial security, with a third (34%) noting a significant impact. While the overarching Index score edged down slightly ...

AustralianSuper says cyberattack losses total $750k

ELIZA BAVIN  |  MONDAY, 14 APR 2025
... acknowledge the distress it has caused and thank members for their ongoing patience as we continue to work directly with those affected." AustralianSuper chief executive Paul Schroder said while criminals were able to access member accounts, the fund ...

US pension funds haemorrhage US$249bn

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... said the declines reflected a widespread concern that the economic value of privately held companies has been "severely affected" by the new trade restrictions. "We have not yet estimated how the losses to other asset classes have affected pension funds ...

Trade war rattles pre-election economic outlook

KARREN VERGARA  |  TUESDAY, 8 APR 2025
... government said the US accounted for 4.6% of Australia's goods exports in 2024 and that particular sectors will be more affected by the tariffs than others. "The indirect effects on Australian exports through our other major trading partners, particularly ...