Mon, 27th Apr 2026

In this episode of the Daily Financial Services News Wrap, we discuss ASIC's warning to 'finfluencers' providing unlicensed financial advice, a guide to motorcycle finance, a new law prohibiting the use of genetic test results in life insurance underwriting, and the Insurance Council of Australia's call for reforms to reduce insurance costs for small businesses. ASIC's action forms part of a global initiative against misleading financial claims on social media. In motorcycle finance, secured or unsecured loans are options for potential buyers. Meanwhile, a new law is set to end genetic discrimination in life insurance, a move expected to encourage more people to take genetic tests. Lastly, due to a significant surge in public liability insurance premiums, the Insurance Council of Australia proposes numerous reforms to provide more affordable insurance to small businesses.