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  • Mon, 28th Oct 2024

    Mon, 28th Oct 2024
    2024/10/27
    In this episode of Daily Financial Services News Wrap, Paige Estritori discusses issues in the financial services sector. The Insurance industry is dealing with underinsurance due to rising costs resulting from escalating reinsurance rates, increasing material prices, faulty urban planning and climate change. The Australian Securities and Investments Commission has ramped up its scrutiny of QBE Insurance Group over allegations of pricing discrepancies. In banking news, ANZ Bank's decision to transition to online banking and shut down its physical branches has triggered community backlash. Finally, the IMF raises concerns over potential liquidity stress in the superannuation industry due to flexible investment choices, leading to calls for improved regulation and risk management. Visit financialservicesonline.com.au for more news and updates from the financial services sector.n
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  • Sun, 27th Oct 2024

    Sun, 27th Oct 2024
    2024/10/26
    On today's episode, Paige Estritori discusses the escalating underinsurance crisis in Australia due to rising insurance costs and other factors like surging building material costs and climate change. The episode also covers the legal action taken by ASIC against QBE Insurance Group due to allegations of pricing discrepancies impacting many policyholders. The controversial decision by ANZ Bank to close its only Blue Mountains branch, causing hardships for the community, is also discussed. Lastly, the potential liquidity issue in Australia's superannuation industry, as highlighted by IMF, is reviewed. Join Paige for an impactful conversation on key financial developments affecting insurance, banking, and superannuation sectors in Australia.
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  • Sat, 26th Oct 2024

    Sat, 26th Oct 2024
    2024/10/25
    This daily news wrap from Financial Services Online discusses the growing underinsurance issue in Australia, driven by rising insurance costs due to factors like higher reinsurance rates, climbing building material prices, and climate change. The report mentions the legal proceedings initiated by the Australian Securities and Investments Commission against QBE Insurance Group over discrepancies in promised pricing discounts. Switching to banking, it highlights ANZ Bank's decision to close its only branch in the Blue Mountains, emphasizing the challenge of embracing digitization without compromising accessibility. Finally, in the superannuation segment, the show outlines potential liquidity challenges highlighted by the IMF due to the flexibility members have in switching investment strategies. The Reserve Bank's advice for superfunds to refine liquidity strategies considering evolving economic conditions is also discussed.n
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  • Fri, 25th Oct 2024

    Fri, 25th Oct 2024
    2024/10/24
    In this episode, Paige Estritori covers a range of financial news in Australia. ASIC takes QBE Insurance Group to court over alleged pricing discrepancies, impacting over half a million policyholders. QBE has set aside $112 million as a response. Moving on to banking, ANZ Bank's closure of its only Blue Mountains branch triggers public criticism, especially affecting those finding it difficult to access digital banking services. The episode also mentions the IMF's concerns about potential liquidity issues with Australia's superannuation industry due to a large percent of super assets being tied up in less liquid investments. Lastly, the closure of over 1,900 hospitality businesses last year, due to various factors including increasing costs and the pandemic, hints at a turbulent future for the sector, but with potential for a leaner, more resilient café market. Tune in for more financial news and updates.n
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  • Thu, 24th Oct 2024

    Thu, 24th Oct 2024
    2024/10/23
    In this episode of the Daily Financial Services News Wrap, Paige Estritori shares pressing updates from the Australian financial sector. The Reserve Bank of Australia hints at a possible interest rate cut due to shifts in economic indicators, despite decreased wage growth. The Australian Prudential Regulation Authority is increasing its regulation on super fund expenditures amid concerns over financial interests of fund members. Despite government efforts, the Australian economy faces challenges, with a dip in GDP per capita and stagnant growth in the private sector. Lastly, dissatisfaction within the life insurance sector calls for modernization and improved customer service. Stay in step with the latest financial news and trends in the insurance, finance, superannuation, and money management space with Financial Services Online.n
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  • Wed, 23rd Oct 2024

    Wed, 23rd Oct 2024
    2024/10/22
    This episode of the Daily Financial Services News Wrap discusses the Reserve Bank of Australia's (RBA) report revealing housing supply shortages, not high interest rates, as the main driver behind Australia's rental crisis. Further, the podcast underlines the strain on Australians caused by rent hikes, and a worrying lack of understanding about superfund fees even amidst transparency regulations. The episode also announces AustralianSuper's strategic move into the US data centre market, diversifying its robust portfolio and aligning with global trends of investing in tech, positioning it to benefit from the growing digital economy. Tune in to stay informed and smart about your money with Financial Services Online.n
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  • Tue, 22nd Oct 2024

    Tue, 22nd Oct 2024
    2024/10/21
    In this episode of the Daily Financial Services News Wrap, presenter Paige Estritori discusses the key highlights from a recent report released by the Reserve Bank of Australia, revealing housing supply shortages, not high interest rates, as the main factor contributing to Australia's rental crisis. The episode also underscores the alarming increase in house and unit rents, pushing renters to cut their daily expenditures. It throws light on the prevailing confusion among Australians regarding superannuation fees and stresses the need for better transparency and education in fee communication. Lastly, it acknowledges AustralianSuper's debut in the US data centre market with a $2.2 billion investment in DataBank, marking a significant expansion of its global footprint. Updates on finance, insurance, superannuation, and money management are regularly featured.
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  • Mon, 21st Oct 2024

    Mon, 21st Oct 2024
    2024/10/20
    This Financial Services Online podcast by Paige Estritori, dated October 21, 2024, navigates important financial developments across Australia. A report by the Reserve Bank of Australia highlights housing supply shortages, not high interest rates, as the main cause for the ongoing rental crisis. Data from Domain shows astonishing increases in rents, severely impacting daily expenses, particularly among the youth. Shifting focus to Super Fund fees, a survey by Vanguard Australia finds the majority of Australians fail to fully understand these fees despite transparency mandates, underscoring the need for clearer communications. Lastly, AustralianSuper is investing $2.2 billion in the US data centre market, marking a significant strategic shift. This venture underlines their proactive engagement with the digital economy, echoing initiatives of international peers such as the Canada Pension Plan Investment Board.
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