Thu, 25th Jul 2024

This episode from Financial Services Online reviews key financial news on various fronts. The Australian Financial Complaints Authority (AFCA) backed RACQ Insurance with its $78,000 payout assessment for a rare, destroyed 2005 HSV Coupe GTO Z Series, denying the owner's claim for a higher settlement. In workplace safety, concerns heighten about potential lead exposure at Bunnings stores, though the company refutes the risk emanates from off-site activities. Meanwhile, in an attempt to alleviate Australia's housing crisis, AustralianSuper and HESTA are increasing their investment in affordable housing in partnership with developer Assemble and Super Housing Partnerships. The episode concludes with new legislation requiring brokers to gain consent before charging for personal advice to enhance financial transparency and affordability; major brokers, however, seem prepared for this change.