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.