APRA

Hybrids are back, and paying higher yields

The hybrid securities market felt the brunt of the COVID-19 crisis in March, when two issues were withdrawn and another issuer deferred redemptions. But last week Macquarie Bank relaunched its hybrid offer, offering a substantially higher margin than the rate

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Advisers inundated with early release super enquiries

Strongly divided views about the wisdom of using the early release from superannuation have prompted large numbers of fund members to seek the advice of financial planners. Losing insurance cover, reducing retirement benefits and crystallising losses are the main issues

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APRA pings super funds for non-cash cash holdings

Some superannuation funds have been loading up their cash options with some decidedly non-cash investments, such as hybrids, as they seek to boost yields. The financial regulator is not happy. In a letter to superannuation trustees last week, the Australian

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Competition in the investor mortgage market to intensify

Last week’s announcement by the banking regulator that it will remove the investor mortgage loan growth limit has sparked expectations that the competition in the investor segment of the mortgage market, which has picked up this year, will further intensify.

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Lenders ease investor and interest-only mortgage rates

Lenders continued to wind back investor mortgage rate premiums in January. AMP Bank, Bendigo Bank, ING, IMB and Suncorp were among those that cut rates on investor and interest-only loans last month. This follows similar moves in December, when Beyond

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Mortgage market rules change for investors

The mortgage market is becoming a much more complex place, as lenders vary rates and conditions for different classes of borrowers and different types of loans. The borrowers who need to pay particular attention to these changes are investors. Under

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The assets that make SMSFs above-average performers

Self-managed superannuation funds produced higher investment returns than APRA-regulated industry and retail funds last year, according to industry consultant Rice Warner. Using publicly available figures supplied by the Australian Taxation Office and the Australian Prudential Regulation Authority, Rice Warner calculated

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