Thu, 9th Jul 2026

Thu, 9th Jul 2026

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses primary stories surrounding Australia's Financial Services sector. Topics include the implications of the Life Code Review on mental health claims, offering 85 recommendations to improve customer protections, claims processing, and communication. Estritori emphasizes reevaluating mental health exclusions and benefits in income protection policies. She also discusses the controversy surrounding life insurance commission caps, their impact on small and medium-sized enterprises' risk insurance advice. The recent decrease in the Australian life insurance sector's profits potentially impacts pricing and underwriting procedures. Estritori then explores the growing importance of bushfire resilience ratings in Australia's insurance market, urging property owners to incorporate resilience in their insurance planning to acquire favorable terms amidst rising natural hazards. Stay updated with Financial Services Online for broader financial reforms.n

Wed, 8th Jul 2026

On this episode of Financial Services News, host Paige Estritori discusses the new acquisition of MA Insurance Brokers by PSC Insurance Brokers. The consolidation results in increased transport risk proficiency and a broader selection of placement choices. Meanwhile, QBE Insurance is discontinuing certain products in favor of a simplified standard business cover, highlighting the need for trade workers to diligently review their coverage. The financial advice sector in Australia presents mixed outcomes, with an increased passing rate for financial adviser exams despite the dwindling number of advisers. ASIC has revoked multiple authorisations in a bid to ensure consistent qualifications. Elsewhere, reforms on road user charges, moving from fuel excise to a distance-based model, raise concerns over privacy and data control, emphasizing the need for accurate vehicle-use data. Tune in for insights on insurance, finance, superannuation, and money management.

Tue, 7th Jul 2026

This episode covers significant updates in Australia's financial services industry. It highlights the shift from traditional fuel excise to a proposed model of distance-based charging for truck operators - an initiative that is gaining support but also driving discussions on national uniformity, cost management, and data privacy. It also discusses a recent decision by the Australian Financial Complaints Authority, underscoring the importance of understanding insurance policy limits for trade businesses, following a dispute over the compensation received after a theft. The podcast introduces Farizons affordable electric truck, the F3E, revolutionizing urban transport with its impressive capacity and range, yet advising on careful consideration of owning costs and accessibility to charging. Lastly, concerns were raised regarding transparency in Australia's Strata Insurance practices, following findings of violations and a call for a more detailed inquiry into broker relationships amid debates over commission and conflicts of interest.

Mon, 6th Jul 2026

In this episode, Paige Estritori discusses the arrival of the Leapmotor B05 to Australia's electric vehicle market, a cost-effective option boasting advanced tech and powerful motor. She emphasizes the importance of considering total ownership costs before buying. In insurance news, she highlights a study from the General Insurance Code Governance Committee revealing that Australian tradespeople may be unintentionally paying more due to insurers' lack of cost transparency. The episode also includes a related discussion on a Federal Court ruling against Mercer Super for unreported member service issues, stressing the need for regular insurance review and personalized coverage. Lastly, Estritori urges listeners to regularly evaluate their life insurance to ensure optimal coverage. She encourages listeners to visit Financial Services Online for more information on the topics discussed.n

Sun, 5th Jul 2026

This episode of the Daily Financial Services News Wrap discusses the affordable new electric vehicle, Leapmotor B05, entering the Australian market with features such as a large battery and quick charging facility. The program also highlights recent compliance review findings within insurance broking. The review identified nine breaches, leading to calls for greater transparency and scrutiny of Strata insurance procedures, applicable to businesses like home service companies. The program stresses the need for tailored and comprehensive insurance advice. The episode concludes with revealing a $170 million shortfall in the Compensation Scheme of Last Resort, stressing the necessity for quality financial advice and careful vetting of financial advisors. This summary encapsulates the latest updates in finance, insurance, superannuation, and money management.