Sun, 1st Mar 2026

In this news wrap, Financial Services Online discusses important financial updates. The Australian Securities and Investments Commission (ASIC) expressed concern over the private lending sector's lack of clear standards and urged the alignment with traditional banking practices. In other news, the Australian Trucking Association disputes plans to increase fuel tax, which could eventually impact consumer costs. Meanwhile, the impact of climate change continues to be a challenge, as reflected in the increased insurance loss estimate by PERILS for major storms in Queensland and New South Wales. Lastly, financial complaints rose by 14% last year, led by lengthy claim handling delays, signaling an urgent need for improved customer service and compliance from financial institutions. Tune in for more insights on financialservicesonline.com.au.n