Sun, 25th Aug 2024

In this episode, Paige Estritori discusses major financial news in Australia. Major lenders like Commonwealth Bank, Westpac, and National Australia Bank are reducing rates to attract new borrowers, suggesting potential value for future mortgage customers. An APRA roundtable stresses financial literacy, access to high-quality data, and trust to boost the uptake of retirement longevity solutions. Meanwhile, the Australian Stock Exchange has experienced a slight dip but maintains its 8,000 mark, with specific declines in utilities, financials and mining stocks. In insurance news, Auto & General use a strategic 10-year deal to underwrite Coles' insurance products, offering competitive pricing amidst heightened supermarket insurance competition. Tune in for further insights on insurance, finance, superannuation, and money management.