Wed, 3rd Apr 2024
from Financial Services News Wrap Hosted by Paige Estritori
In this episode, Paige Estritori discusses the latest financial news in Australia, including a significant funding received by the ACTU from super funds, supporting member value and transparency. The Reserve Bank of Australia freezes its cash rate at 4.35%, after 13 consecutive increases, with possible reductions by year-end due to rising service costs. MetLife Australia establishes itself as a leader in the insurance industry, introducing progressive leave packages and increasing paid parental leave. There is concern in the retail sector amidst a growing 'cost-of-trading crisis', driven by rising operational costs, prompting calls for government intervention. Tune in for more comprehensive financial updates, and visit www.financialservicesonline.com.au for finance, insurance, superannuation, and money management solutions.n
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