Sat, 23rd May 2026

In this episode of Daily Financial Services News Wrap, Paige Estritori discusses key happenings in Australia's finance industry. Highlights include HESTA's decision to cut insurance fees for its superannuation fund members by up to 12%, and 23.5% for income protection cover from July 1. This specifically benefits self-employed individuals and freelancers looking for financial security. The podcast also covers changes in legislation with initiated reviews for the Emergency Services Levy which may lead to reduced insurance premiums for small and medium enterprises. Additionally, the Australian Prudential Regulation Authority finalizes amendments aimed to bolster the retirement income product market. Finally, Estritori reveals CHU Underwriting Agencies' move to include cyber protection in residential strata insurance policies. Stay updated via financialservicesonline.com.au.