Mon, 5th Aug 2024

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses key developments in Australian finance. Topics include: A property owner's failed attempt to increase fire damage compensation following an admission to underinsured property, emphasizing the importance of compliance with insurance premium rules. A troubling increase in insolvency in the retail industry due to the rapid growth of e-commerce, indicating a need for retailers to adapt their strategies. The Federal Court fining Mercer Super $11.3 million for falsely advertising the sustainability of their investment options, highlighting the importance of transparency and environmental responsibility. And, a positive shift towards professionalism and safety in the trades industry has come to light, with beneficial effects on workplace morale and productivity. Stay informed and connected with the waves of changes in the financial services sector.