Fri, 15th Nov 2024

In this episode of Daily Financial Services News Wrap, we discuss the decisive move by Macquarie Asset Management to launch two active ETFs, challenging passive investment strategies. The superannuation industry witnesses a significant development with Cbus settling over 6000 delayed death and disability claims after ASIC scrutiny. Australia's labor market remains resilient with a steady 4.1% unemployment rate. The RBA anticipates natural labor market adjustments without significant job losses, despite a slowdown in workforce expansion. Lastly, we examine a case of financial misconduct in the UK, where Leigh Mackey, owner of Inspire Insurance Services, was heavily penalized for misuse of premium funds and deceptive regulatory submissions. n