Thu, 23rd Apr 2026

The Daily Financial Services News Wrap discusses Australian financial news with the focus on mortgage refinancing, outdated liability laws, underinsurance and increasing insurance complaints. The podcast highlights the importance of being aware of break costs when considering the refinancing of a fixed-rate mortgage. It also discusses the impact of outdated liability laws that have increased insurance premiums for small businesses and the urgent need for a national review. Furthermore, it warns about the risks of underinsurance, using an example of a cafés storm damage claim. The episode ends with an alarming note about the growing number of insurance complaints due to processing delays, and emphasizes the need for tradespersons to maintain detailed records, review their policies, and diversify their suppliers to safeguard themselves.