Sun, 10th Nov 2024

In this episode of the Daily Financial Services News Wrap, host Paige Estritori discusses key financial stories. First up, Senator Andrew Bragg talks about the Coalition's strategy to merge retirement savings with housing solutions. Changes advised by Michelle Levy from the Quality of Advice Review also get a nod. A cautionary tale from the insurance sector highlights the importance of disclosing accurate, complete information to insurers with reference to an Uber Eats driver's rejected claim by Auto & General Services. Australian Unity is shedding its $1.6 billion banking section to refocus its efforts on wealth, insurance, and health sectors - redistributing its portfolio to Bank Australia. In regulatory news, APRA mandates Pacific International Insurance to increase its capital reserves by $10 million due to governance concerns.n