Thu, 6th Nov 2025 - Financial Services News Wrap

What this episode covers

In this episode, Paige Estritori of Financial Services Online shares important updates from Australia's finance industry. Westpac Banking Corporation is set to resolve a class-action lawsuit over auto finance practices with an $81.84 million settlement, echoing ANZ Bank's similar case last year. Meanwhile, MotorCycle Holdings Limited has reported a significant increase in new motorcycle sales this year, despite a drop in net profit after tax from their finance joint venture. The episode also covers Australia's insurance industry, discussing an alarming increase in mental health-related claims and how it's prompting insurers to reassess their strategies. Criticism faces Australian Super for delays in processing claims, particularly those associated with mental health. The episode ends with a reminder for listeners to stay informed and thoroughly review their insurance policies and loan terms.n

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When was this Financial Services News Wrap episode published?

This episode was published on November 5, 2025.

What is this episode about?

In this episode, Paige Estritori of Financial Services Online shares important updates from Australia's finance industry. Westpac Banking Corporation is set to resolve a class-action lawsuit over auto finance practices with an $81.84 million...

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