Mon, 22nd Apr 2024

In this episode of the Daily Financial Services News Wrap, we discuss notable financial trends in Australia. UniSuper has committed $600 million to Macquarie Group's renewable energy fund, indicating a shift towards sustainable investments in the finance sector. Life insurance coverage for working-age adults has decreased significantly, however, signs of a potential recovery are seen with new business growth over three successive quarters. Australia has seen a significant increase in student loans, prompting calls for policy reforms such as debt forgiveness or free tertiary education. Lastly, ANZ Bank is phasing out cheque books due to a 90% drop in usage over ten years, ushering in an era of digital transactions. This episode covers these shifts impacting insurance, finance, superannuation, and money management in Australia.n