Sat, 20th Apr 2024

In this episode, Paige Estritori from Financial Services Online discusses key news in Australia's financial sector. She highlights UniSuper's decision to allocate $600M to Macquarie Group's renewable fund, marking a significant step in the superannuation field towards sustainable practice. In contrast, life insurance sees a decline, with one-fifth of working-age adults lacking cover due to legislative changes. An underinsurance gap now potentially threatens 3.4 million Australians. Elsewhere, the student loan sector foresees a 16% surge under the current government, causing the Greens to call for policy reform and cost-reducing measures. Finally, in response to a 90% decrease in cheque usage, ANZ Bank reveals plans to stop issuing new cheque books, highlighting the broader move to digital banking. For more details, listeners are directed to the Financial Services Online website.n