Financial Services News Wrap
In this episode, Paige Estritori discusses key developments in the Australian financial service industry. The trucking industry experienced a significant downturn, with new truck and van deliveries down by 16% in April. Factors include adoption of new emission standards, economic caution in transport and construction, and a rise in used trucks. The light-duty segment, however, reported a 1.8% increase due to urban delivery demand. In the local caravan market, Crusader Caravans launched the Dreamhaven range to compete with imports. The APRA and ASIC partnered with insurers to tackle sustainability issues in the TPD insurance sector in response to greater mental health claims and work dynamics. Finally, the marine sector is countering a workforce shortage by partnering with education institutions for targeted training programs.n
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