Sat, 16th Nov 2024

In the latest episode of the Daily Financial Services News Wrap, host Paige Estritori discusses key financial updates. Macquarie Asset Management introduces two active ETFs, the Macquarie Core Australian Equity Active ETF and the Macquarie Core Global Equity Active ETF, challenging the dominance of passive ETFs in a strategic move powered by ETF Investment Strategist Blair Hannon. The debacle surrounding Cbus' delayed death and disability claims has shown the responsibility financial institutions hold towards their members. The Australian labour market remains steady with a 4.1% unemployment rate, with the government focusing on addressing cost-of-living concerns amid subtle market softening. Lastly, the UK's Financial Conduct Authority fines Inspire Insurance Services' owner, Leigh Mackey, over £1 million for misuse of insurance premium funds, highlighting the need for financial industry integrity.n