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Showing 81 - 90 of 128 results for "Financial hardship"

Super fund merger delayed

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... member support is a key priority for both funds, with members expressing concern about market volatility and financial hardship. "Understandably, members are concerned about their retirement savings. And we'll likely see an increase in the number of ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 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. Rainmaker analysis of APRA data shows 58% of Rest's membership are millennials. About 58% of ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... conditions, and as they support anxious members," ISA chief executive Bernie Dean said. "Assisting those in financial hardship will come down to how well the ATO works with the funds, given each superannuation fund will have to manually issue the money. ...

JP Morgan commits $86m to COVID-19 crisis

ALLY SELBY  |  THURSDAY, 19 MAR 2020
... areas of expertise to support the most vulnerable individuals, small businesses and communities as they face financial hardship and uncertain work opportunities, the shifting business landscape and increased pressure to access or maintain affordable ...

FSC, super sector steps up for bushfire affected

HARRISON WORLEY  |  WEDNESDAY, 8 JAN 2020
... circumstances - such as when a person has been diagnosed with a terminal illness or is facing severe and immediate financial hardship - there are provisions to allow superannuation to be released early," Kirwan said. "It should not be necessary for individuals ...

ATO issue SMSF scam warning

ELIZABETH MCARTHUR  |  TUESDAY, 10 DEC 2019
... only access your super early under circumstances that mainly relate to specific medical conditions or severe financial hardship," the ATO said. It is taking action to shut down promoters who tell people they can gain access to their super before retirement ...

NAB launches team for vulnerable customers

KRISTI CHENG  |  TUESDAY, 17 SEP 2019
... experiencing vulnerability. Called the NAB Customer Support Hub, its aim is to help detect the early stages of financial hardship, such as scam, fraud, domestic and family violence, elder abuse, low financial literacy and gambling addiction, NAB said. ...

Government should intervene in BOLR changes: Opposition

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... finance and small business Damien Tudehope what steps the government has taken in response to AMP advisers facing financial hardship. After initially misinterpreting the question as being about insurance policies, Tudehope then said he understands the ...

SG debate puts super in a spin

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... greatest contribution to improve retirement balances for women. "Leaving super at 9.5% will consign women to financial hardship in retirement," Goodwin said. "Women live longer than men and are increasingly approaching retirement without the safety net ...

ABA moves to protect vulnerable customers

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
... said: "At some point in our lives, many of us could find ourselves in situations that make us vulnerable - financial hardship, physical or mental illness, relationship breakdown or even cognitive impairment as we age." The ABA's new guidelines come as ...