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Annabelle Dickson
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Basic private health cover is ‘junk insurance’

Australians need to be cautious when selecting private health insurance following the introduction of a tiered health insurance reform earlier this year. In its latest Shonky awards, consumer advocacy group Choice is warning Australians that rip-offs are still rife despite…

CBA’s latest hybrid to pay a 3 per cent margin

Commonwealth Bank has launched an issue of hybrid securities, PERLS XII, which will pay 3 per cent above the bank bill rate as a part of a $1.25 billion raise. PERLS XII are subordinated, unsecured notes scheduled to pay floating…

SMSFs not for the faint hearted, ASIC warns

The Australian Securities and Investment Commission (ASIC) has launched a campaign warning future self-managed super fund trustees of the high costs and risks associated with having an SMSF. ASIC’s latest fact sheet estimates that the average cost of running an…

Getting your travel money right

Holidaymakers should consider five things when selecting travel money options in order to get the best deal. These include looking for the cheapest exchange rates and fees, prioritising their budget, considering the local currency and selecting more than one option…

Smaller lenders offer lowest home loan rates

Only six lenders have passed on the full cuts to their customers, with the big four nowhere in sight. Athena, Homestar, Freedom Lend, Auswide, U Bank and Freedom Lend are the only lenders that have passed the full 25 basis…

Superannuation life insurance reforms get the go-ahead

The Government has implemented all of its Putting Members’ Interest First superannuation reforms designed to protect members with low balances or inactive accounts. The Treasury Laws Amendment (Putting Members’ Interests First) Bill was passed in the Parliament, with amendments, requiring…

Look to the bush for booming rental yields

Residential property investors seeking high rental yields should consider seeking out rural areas instead of capital cities, a leading property analyst says. CoreLogic’s latest Top Rental Performers Report reveals the top performing suburbs over the 12 months to the end…

Q&A

Q: What are the best shares to invest in outside the big four banks that will provide me with a strong dividend yield? A: At the end of the company reporting season, 88 per cent of full-year reporting S&P/ASX 200…

What the neobanks have to offer

Neobanks are targeting Australians who are after a competitive savings rate and personalised banking products. Last week neobanks 86 400 and the newly licensed Xinja launched their product offerings and, unlike traditional banks, they operate solely from smartphone apps. 86…

Credit availability picks up for home buyers

Borrowers now have better access to mortgage credit, as banks loosen the tight lending standards of the past few years. But credit availability varies widely from lender to lender. Macquarie Securities’ latest mortgage shadow shopping exercise and broker survey found…