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Showing 1 - 10 of 102 results for "Financial stress"

FAAA takes aim at finfluencers with new campaign

MATTHEW WAI  |  WEDNESDAY, 6 NOV 2024
... financial advice empowers Australians to build a secure future, enjoy a higher quality of life and experience less financial stress," Milnes said. "The campaign highlights this by connecting people with a professional licensed financial adviser who is ...

Trust in advisers reaches new high: Survey

KARREN VERGARA  |  WEDNESDAY, 2 OCT 2024
... build a realistic plan for a comfortable retirement, getting the most out of a financial situation, and reducing financial stress. Russell Investments estimates that financial advisers added 5.7% in value to client portfolios in 2024, split across guidance ...

Rapid growth in super sector poses risk to financial stability: RBA

ELIZA BAVIN  |  FRIDAY, 27 SEP 2024
... household incomes, and solid corporate earnings. "While there is a small but growing group of borrowers experiencing financial stress in these economies, a further easing in inflation − and with it, lower policy rates − is expected to support the ...

South Africa readies 'two pot' pension system

MATTHEW WAI  |  WEDNESDAY, 28 AUG 2024
... households, the new retirement system offers protection and dignity to those who need it the most to overcome financial stress," he said. Currently, South Africa's retirement regime allows employees to make a full withdrawal from their pensions when ...

Aussies' financial literacy declines, young people fare the worst

ANDREW MCKEAN  |  FRIDAY, 21 JUN 2024
... 15-24-year-olds worst off, followed by 25-34-year-olds. It also noted that the proportion of households experiencing financial stress has increased between 2006-2020. Around one in five households experienced each of two financial stress indicators ...

Australians selling assets over seeking help: ASIC

ELIZA BAVIN  |  MONDAY, 3 JUN 2024
... supporting Australians in financial hardship." Kirkland said the message needs to get through to those experiencing financial stress that banks or lenders have a responsibility to support customers. "If you are worried about being able to make your repayments ...

Inflation spooks retirees more than healthcare costs

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... Schroders' survey believe they will outlive their assets. One-in-three (33%) retirees are concerned that financial stress will impact their overall health; about one in four (26%) have lost sleep worrying about their financial situation.

Threats outside the Australian financial system build: RBA

ANDREW MCKEAN  |  TUESDAY, 26 MAR 2024
... existing macro-financial vulnerabilities, that could spill over to Australia. "The key channels of transmission of financial stress in China to Australia would likely be via a slowing in global economic activity, lower global commodity prices and reduced ...

Simple strategies to overcome gender super gap

KARREN VERGARA  |  THURSDAY, 7 MAR 2024
... the cost-of-living crisis has aggravated women's long-term wealth as two-thirds (69%) admit to experiencing financial stress compared to 49% of men. Women have 53% less in total cash savings than men and on average have saved up $22,680 - substantially ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... these trustees exhibited a lack of knowledge and a poor attitude towards their super. Others claimed they were in financial stress or were experiencing personal issues while some saw accessing their super in this manner was "too great a temptation to ...
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