An ASIC report has revealed that accepting a cash settlement on a home insurance claim may leave you exposed to higher repair costs. Approximately two-thirds of ASIC-reviewed home insurance claims involved a full or partial cash settlement, with more than half those settlement offers being based on just one quote.
Below, we outline how cash settlements work, the pros and cons, and what to do if you’re not happy with the settlement amount offered.
Private credit in the spotlight
The current funding challenges for development and construction group Bathla have highlighted some of the risks associated with investing in private credit. In June, ASIC warned that the private credit sector overall was facing its first real test. Below is a simple explainer on how investing in private credit works and what to know before you invest.
The scoop on super withdrawals
Early access to superannuation is also in the news right now. If you’re thinking about taking money out of super early, we outline how to check your eligibility.
Cash settlements should not short-change homeowners
If your insurer offers a cash settlement instead of organising repairs, it's important to understand what you're agreeing to.
Choosing home insurance
Home insurance protects one of your most important assets. It’s worth spending some time to check your policy is right for you.
How private credit works
Private credit is often promoted to investors as providing regular, steady payments. But it carries risk.
Complex investment products: Understand what you’re investing in
Online trading can make it easy to invest in financial products that may be more complex than you realise. From futures contracts to CFDs to exchange-traded options, read our series of explainer articles before you invest.
When you can access your super early
There are several reasons you may be able to access your super early, but there are strict rules around it.
Accessing your super from age 60
Learn when you can generally access your super (excluding early access) and what you can do with it.