Mon, 15th Apr 2024

In the latest Financial Services news, the Australian superannuation fund, Rest, has partnered with Fidelity International's LOGICs Fund to revamp logistic infrastructures in Western Europe, focusing on environmental sustainability. Meanwhile, consumer sentiment in Australia drops amid the backdrop of rising inflation and high interest rates. Insurances practices are under federal scrutiny in Queensland in the aftermath of significant flood impacts, highlighting a need for better communication and consumer-friendly policies. Additionally, after significant damage from natural disasters, calls for robust strategies to deal with escalating climate threats are more urgent. The statistics from insurance broker Aon also suggest a worrying trend with global insured losses shooting up by 31%.