Sun, 3rd Nov 2024

In this episode, Paige Estritori covers a range of Australian financial news. Topics include the Australian Financial Complaints Authority (AFCA) ordering MetLife to re-evaluate an income protection claim related to psychological distress, a challenging economic recovery from a record-long recession marked by a 10% decrease in per capita disposable income, and an insurance dispute where an Australian landlord was awarded $45,724 after failing to adjust premiums for his vacant property. In some much-needed good news, the Australian Prudential Regulation Authority (APRA) has decreased the operational risk reserve requirements for major super funds, offering more financial flexibility. This financial round-up explores issues around insurance, the economy, property, and superannuation, underscoring the importance of staying informed for consumers, businesses and policymakers.