Sat, 4th Apr 2026

In the latest Financial Services News Wrap, Paige Estritori discusses key updates in finance and insurance. The Reserve Bank of Australia raised the cash rate to 4.10 percent on April 3rd, impacting Australian borrowers with variable-rate mortgages who may face higher monthly payments. AIA Australia rearranged its leadership team to improve their group insurance and superannuation sector. Acenda, formed from the merger of MLC Life and Resolution Life Australia, laid off over 200 employees, raising criticism from the Finance Sector Union. Lastly, the life insurance industry saw increased underwriting profits in December, largely due to individual disability income insurance, despite losses in other areas. Listeners are encouraged to stay informed and proactive in managing their finances amidst these changes.n