Qantas
Morningstar today downgraded their recommendation for Qantas to a sell. I wholeheartedly agree; for a few reasons.
ATM Blessing or Curse?
I congratulate the CBA for coming out and announcing the cancellation of the $2 ATM fee by non-CBA users. It was a rip-off; no question. Withdraw $100 and the banks clip 2% from you. Fortunately, most other banks followed CBA’s lead within the day. But there is a downside, and the main one is that…
Federal Budget Summary 2017-18
The Hon Scott Morrison MP handed down the 2017-18 Federal Budget on the 9th of May 2017. Pleasingly, and unlike last year, in the 2018 Federal Budget superannuation has largely been left alone. The main changes involve allowing people aged 65 and over to downsize their home and gain exemptions from the superannuation caps, and…
Changing Insurance Terms & Definitions
Life insurance in super It is likely that you know whether you have life insurance through your super fund, and you may even know the amount and the premiums you are paying for the cover. It is highly unlikely though that you have read the latest Product Disclosure Statement and understand the terms and definitions…
Insurance In Super?
Most superannuation funds offer life insurance In fact if you join your employer’s default super fund it is compulsory for a level of life insurance to be provided. Very conveniently for the insurers and super funds, the obligation is for the fund member to ‘opt-out’ if they don’t want the insurance; that is, if you…