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Digital Finance Analytics principal Martin North.The analysis is based on information from 52,000 household surveys, public data from the RBA, the Australian Bureau of Statistics and APRA, and private data from lenders and aggregators. Households are defined as “stressed” when net income does not cover ongoing costs.It comes as recent analysis of ABS surveys by property research firm CoreLogic found nearly three out of four households are indebted — and the richer you are, the more debt you’re likely to have.“The results are not necessarily what you’d expect with higher income households more likely to be over-indebted than lower income ones,” CoreLogic research analyst Cameron Kusher said.According to Digital Finance Analytics, the debt-to-income ratios in severely stressed households were on average eleven times their current annual incomes.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoA survey by HashChing found 92 per cent of mortgage brokers believe interest rates will stay on hold this month.WORST POSTCODES FOR MORTGAGE STRESS IN QLD4350 (Toowoomba region)4670 (Bundaberg region)4740 (Mackay region)4680 (Gladstone region)4870 (Cairns region)4211 (Nerang, Gaven, Carrara, Pacific Pines)4655 (Hervey Bay region)4701 (Rockhampton region)4551 (Caloundra, Currimundi, Dicky Beach)4570 (Gympie region)4207 (Beenleigh, Logan)4300 (Gailes, Goodna, Springfield, Brookwater)4556 (Buderim, Kunda Park, Sippy Downs)4069 (Brookfield, Chapel Hill, Fig Tree Pocket, Kenmore)4053 (Everton Park, Stafford, Mitchelton)4165 (Mount Cotton, Redland Bay, Victoria Point)4305 (Ipswich region)4017 (Bracken Ridge, Brighton, Deagon, Sandgate)4220 (Burleigh Heads, Burleigh Waters, Miami)4152 (Camp Hill, Carina, Carina Heights, Carindale) .Even households in affluent suburbs are now being impacted by mortgage stress, according to Digital Finance Analytics.Digital Finance Analytics principal Martin North said continued pressure from low wage growth and rising living costs meant those households with bigger mortgages were especially under pressure.“A rising number of more affluent households are being impacted as the contagion of mortgage stress continues to spread beyond the traditional mortgage belts,” he said.“Some households are now making larger mortgage repayments following out of cycle interest rate rises, and are simultaneously facing higher power prices, council rates and childcarecosts.“This remains a deadly combination and is touching households across the country, not just in the mortgage belts.” MORTGAGE STRESS .. Couple and baby in dining room with laptopALMOST 50,000 households are at risk of defaulting on their home loans in the next 12 months and nearly a third of homeowners are in mortgage stress, new figures show.The latest mortgage stress and default modelling from Digital Finance Analytics for the month of September reveals more than 905,000 households are estimated to be in mortgage stress — 45,000 more than there were the month prior.And even high income households are feeling the squeeze.The numbers have been crunched ahead of the Reserve Bank of Australia’s October board meeting, with the official cash rate expected to remain unchanged at 1.5 per cent. Housing markets continue to cool Tenants from hell on the rise Swim star buys on the Goldie Of those households, 18,000 are in severe stress, which means they are unable to meet home loan repayments with their current income.In Queensland, the number of households in mortgage stress increased by 21,500 to 168,051 in September, with around 9,100 of those at risk of default.But if interest rates were to rise by just 0.5 per cent, that figure would jump to more than 197,000 households in stress. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE The worst affected regions include Toowoomba, Bundaberg, Mackay, Gladstone, Cairns and Hervey Bay.But higher income postcodes incorporating the Brisbane suburbs of Camp Hill, Carina, Brookfield and Fig Tree Pocket are also feeling the pinch. The RBA is expected to hold the central cash rate steady at 1.5 per cent at its October board meeting. Image: AAP/Dean Lewins.
Riemen’s comments came in response to professional trustee René van de Kieft, who recently argued in news daily Financieele Dagblad that increasing expertise on schemes’ boards would require a similar increase in remuneration.In Van de Kieft’s opinion, the relatively low reward for trustees made attracting more expertise more difficult.He noted that the Dutch pensions sector was the only industry that paid board members less than their staff and the highest echelons of their providers.Van de Kieft is board member at the €309bn civil service scheme ABP and the €6.3bn pension fund PostNL. Until recently, he also was a trustee for the €34.4bn metal scheme PME.According to Riemen, the legal rules concerning the amount of time board members must spent on their responsibilities are the real problem.The Federation also disagreed with Van de Kieft’s suggestion that a board consisting of only social-partner representatives would be inferior.“The sector can work very well with the choice of board models, and this also goes for the reward of trustees, for which the Federation has issued guidelines,” he said.The recommended standard pay for a full-time board position varies from €100,000 at a small pension fund to €140,000 at a large scheme. However, trustees’ remuneration at the largest providers APG and PGGM varies from €450,000 to €670,000, according to the FD.Meanwhile, ABP has indicated that Van de Kieft, who represents union federation CNV on its board, has not spoken on behalf of ABP.“We want to keep trustees’ remuneration manageble and predictable,” it said.“Therefore, we have opted for a fixed reward [that approximates] the recommendations of the Pensions Federation.” The Dutch Pensions Federation has criticised a proposed remuneration increase for the professional board members of pension funds in the Netherlands. Gerard Riemen, director at the lobbying organisation, said: “A modest reward policy is a great good in the sector.”He said the industry was focusing on the interest of society and that pension funds should not operate as commercial businesses.“We want to radiate this focus within the existing culture, as well as within pension funds’ remuneration policy,” he said.
A UK responsible investment association and the Association of Member-Nominated Trustees (AMNT) have sought to harness the power of consultants to promote trustees’ consideration of environmental, social and governance (ESG) factors in investment decision-making.In an initiative co-ordinated by the AMNT and the UK Sustainable Investment and Finance Association (UKSIF), 12* influential investment consultants have committed to back guidance from the UK pensions regulator that trust-based defined contribution (DC) and defined benefit (DB) pension schemes should take ESG factors into account where they are financially material.The advisory firms said they would draw attention to the guidance through various routes, such as putting consideration of ESG on trustee meeting agendas, issuing briefings, and holding training sessions.“We also recognise the significant role that client-facing consultants can play in ensuring that our clients are well informed on the issues,” they added in a joint statement. Dawn Turner, chief executive of the £23bn (€26.2bn) Brunel Pension Partnership, said the consultants’ public commitment was “a major step forward”.She added that Brunel would help ensure the initial positive step served as “a catalyst to ensure ESG issues are at the heart of the client offering to the investment consultant industry”.The AMNT and UKSIF said they acted on behalf of members to convene leading UK investment consultants to ask how they would act on the guidance issued by The Pensions Regulator (TPR).TPR issued guidance for DB schemes in March and a new code for DC schemes in July. Fred Berry, lead investment consultant at TPR, said that many trustees – in particular those without a financial background – rely on advisers to keep them up to date with the regulator’s news and guidance.“We expect investment consultants and others advising pension schemes to support trustees to manage risks to member benefits, including risks to the sustainability of the scheme’s investments,” he added.The consultants’ declaration coincides with the opening of the annual conference of the UN Principles for Responsible Investment in Berlin today. Many pension funds, in particular smaller, resource-constrained schemes, rely heavily on advice given to them from their advisers, a state of affairs highlighted as a concern by the Financial Conduct Authority. It was one of the reasons the UK regulator called for a competition investigation into the investment advisory sector. This is just beginning to get underway.*The 12 consultants are: Allenbridge, Aon Hewitt, Barnett Waddingham, bfinance, Cardano, Hymans Robertson, JLT Employee Benefits, Lane Clark & Peacock, Mercer, Quantum Advisory, Redington, Willis Towers Watson
3D (TV3) 9 November 2015The vaccination to help prevent cervical cancer has been on offer here since 2008 and more than 200,000 New Zealand girls have had it.The scientists say it’s safe, but some girls and their families have serious doubts.They want to know whether Gardasil is to blame for what’s happened to them.In two cases, that was sudden, unexplained death. In others, crippling illness.http://www.3news.co.nz/tvshows/3d/cause-or-coincidence-teen-dies-after-gardasil-vaccine-2015110813#disqus_threadFAMILY MATTERS: Gardasil – It’s Vital Parents Make An Informed Decision
Versailles, IN—The Ripley County Treasurers Office will be closing early today at 2 pm. This will be to close out the end of 2019.
Chelsea chief executive Ron Gourlay has reiterated the club’s focus remains on securing Champions League football next term before a permanent managerial appointment is made. Rafael Benitez, whose side take on Steaua Bucharest in the Europa League on Thursday night, was appointed interim boss after the Blues became the first Champions League holders to exit the competition at the group stage earlier this season. Gourlay, who was speaking in Kuala Lumpur while promoting the forthcoming tour, said the status quo remains for now, with Benitez on course to fulfil his brief. “Achieving one of the Champions League qualification slots is very important to this football club,” Gourlay said on chelseafc.com. He added: “Our whole philosophy is based on success on the football field and we have been doing everything in our power to ensure one of these slots. We want to be pitting ourselves against the top clubs in Europe next season.” Former Liverpool manager Benitez was never a popular appointment at Stamford Bridge and confirmed last week he would be leaving at the end of the campaign, in order to encourage supporters to back the team, rather than barrack him. That rant, coupled with his criticism of the ‘interim manager’ title, led to suggestions the Spaniard could depart prior to the end of the season, while speculation of a permanent replacement for Roberto Di Matteo has been incessant. Gourlay said: “We said from day one that Rafa was coming in as interim manager to the end of the season. “It is important that we remain focused on the job in hand which is qualifying for the Champions League and then at the end of the season we will sit down, have a look at the situation and we will determine how we go forward.” Press Association
Kuldeep Yadav struggled for Kolkata Knight Riders in IPL 2019.Yuzvendra Chahal and Kuldeep both took six wickets against Bangladesh.India will take on South Africa in their opening game on June 5. New Delhi: Kuldeep Yadav was not in great form heading into the ICC Cricket World Cup 2019. In nine games for Kolkata Knight Riders in the 2019 Indian Premier League, he took just four wickets at an economy rate of 8.68. In most of the games, he struggled for penetration and could not control the flow of runs. In the first warm-up game against New Zealand, Kuldeep struggled but in the game against Bangladesh, the chinaman picked up 3/47 as India won by 95 runs to build momentum ahead of the ICC Cricket World Cup 2019. Yuzvendra Chahal, his wrist-spinning partner, said it was a big relief that Kuldeep was taking wickets.“I am so happy the way Kuldeep made a comeback and showed the confidence and it is good for the team ahead of the World Cup. We trust each other. We know each other for the last 7-8 years and we have a good bonding on and off the field. If I bowl first then I talk to him about how the wicket is behaving and he talks to me if he is bowling first. Before a match we always plan, like if can bowl more googlies or sliders to particular batsmen,” Chahal said after he picked up 3/55 against Bangladesh. Chahal was happy with his performance and said with the Indian cricket team posting a big total thanks to centuries from KL Rahul and MS Dhoni, the spinners got far more confidence. “I got to bowl 10 overs. The wicket was not easy for the bowlers and batsmen were attacking. So I, Kuldeep (Yadav) and Jaddu pa (Ravindra Jadeja) tried to vary the pace. Before the World Cup starts if the batsmen give you a big total, obviously, it is a good chance for the bowlers. 350 is very difficult to chase, so you can flight the ball. When you are defending such a total, there is no pressure on the bowlers to start with. There is more pressure on the batsmen because they have to chase 360-370 and they have to hit almost every ball,” Chahal said.India will open their World Cup campaign against South Africa in Southampton on June 5 as Kohli’s team will be bidding to win the trophy for the third time. For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps. highlights
DIRECTORS of Archery Guyana paid a courtesy call on the Minister of Social Cohesion, Dr. George Norton at the Ministry’s headquarters on Main Street on Wednesday.During the visit, they discussed with the Minister who also has responsibility for Culture,Youth and Sport, their plans for the future and gave an update as to the progress of Archery Guyana thus far.A proposed Junior Archery Programme, Schools Programme and Para-Archery Programme were also discussed with plans being made to pursue more outreach programmes.Early in2018, Archery Guyana will be hosting an International Olympic Coach here for 10 days to conduct a coaching clinic.Persons interested in becoming involved in the sport are urged to do indicate early so they can learn and be able to benefit from the said coaching.Minister Norton has expressed his commitment to work with Archery Guyana and looks forward to help promote and developing the novel sport in Guyana.
OVER the last 19 months, the Berbice Cricket Board (BCB) has concentrated on organising numerous cricket tournaments, coaching programmes, assisting clubs and cricketers and raising finance to return Berbice cricket to its rightful place after a two-year period of internal problems.With Berbice cricket back on firm footing once again, BCB is now undertaking a major upgrade of its New Amsterdam-based office and its services to the general public.The upgrading is being done as part of the 80th anniversary celebration of the BCB.BCB president Hilbert Foster, MS who is spearheading the project stated that with Berbice cricket back on its feet, it was important for the administration to strengthen its operations, to better serve the cricketing public, sponsors and all clubs in the Ancient County.Noting that the present executive took over a Board with no finance, no structure in place or an office, Foster stated that the main objective is to make BCB, the role model organisation in West Indies Cricket. The old office left much to be desired and was totally inadequate for the management of Berbice cricket.The upgrading would include tiling of the floor, installing PVC ceiling, repairs to the washroom facility and making the operation of the Board totally self-reliant.Berbice NGO, the Caribbean Nation Group (CNG) and Delmur Shipping have contributed financially to the ceiling programme while overseas-based Guyanese Dr Tulsi Dyal Singh has committed to funding the floor tiling project and purchasing new furniture. The BCB has also received commitment of a desktop computer and printer from Barbados-based Guyanese Dr Puran Singh.West Indies players Devendra Bishoo and Anthony Bramble donated a 32-inch television set and water dispenser respectively. The Board has also received a DVD player, an electric fan, kitchen utensils, a large water cooler, office decorations, cleaning equipment, stationery, a telephone set and fax machine.The donors so far have included national player Gudakesh Motie, University of Guyana, Tain Campus, Poonai Pharmacy, Balram Shane General Store, RHTY&SC, Attorney-at-Law R. Jugmohan and Bakewell who have contributed 100 souvenir cups for the historic anniversary.Public Relations Officer Simon Naidu and Office Administrator Angela Haniff both expressed gratitude to all of the donors for supporting the BCB.They also urged former executives, overseas-based Berbicians and the business community to support the BCB efforts to lift Berbice cricket even higher.