In this episode of Financial Services Online's Daily News Wrap, Paige Estritori discusses the major news shaking the Australian business landscape. Highlights include Swedish firm EQT's A$5.25 billion bid for AUB Group, developments in the lending arena with SMEs benefiting from the RBA's interest rate cut, and the surge in business lending. Specific mention is given to OnDeck Australia's report on lending volumes jumping 40%, and Prime Capital's new 'Business Jumbo Loans' program. The episode also covers Sure Insurance's efforts to expand residential strata coverage to $20 million, reaffirming its commitment to offering affordable, sustainable insurance options. Stay in the know with Financial Services Online, your trusted guide in Insurance, Finance, Superannuation and Money Management.

On this episode of Financial Services Online news wrap, we discuss Australia's ASIC's recent surge in regulatory efforts, with a 50% increase in investigations and 829 completed surveillances. The successful crackdown on financial scams has led to over 6,900 fraudulent websites being dismantled and $104.1 million secured in civil penalties. The ASIC has also addressed the emerging issue of AI in financial services and improved market transparency. However, ASIC has expressed concerns with self-managed superannuation funds failing to meet legal requirements. In maritime finance, the launch of an innovative business interruption insurance for ports will help mitigate financial impacts from trade disruptions. The episode concludes with a discussion on the potential of AI in marine insurance, promising more efficient services and enhanced risk management. For ongoing updates, visit financialservicesonline.com.au.n

In the Financial Services Daily News Wrap for Thursday, November 13th, 2025, key updates from the Australian financial sector were shared. ANZ Bank's new CEO, Nuno Matos, announced a strategic overhaul, eliminating around 4,500 roles to focus on digital transformation, costing A$560 million. In legal news, telecommunications company Optus received a landmark ruling, fined AU$100 million for exploiting vulnerable Australians. Westpac reported a slight decrease in its annual returns, with mortgage market competition and a slight dip in net interest margin cited as reasons. However, a divestiture of its A$21.4 billion RAMS mortgage portfolio is planned. The Reserve Bank of Australia maintained the cash rate at 3.60%, despite rising inflation and unemployment reported, suggesting a steady but challenging economic landscape. It's recommended for borrowers to seek financial advice during these changeable times.n

This episode of the Daily Financial Services News Wrap, with Paige Estritori, discusses major headlines in the finance industry in Australia. Firstly, the Australian Finance Industry Association (AFIA) has launched a revolutionary Finance Industry Code of Practice to increase integrity, transparency, and fairness. It emphasizes clearer lending communication, especially for individuals with limited credit history and small businesses. Australia's housing market is in a 'super cycle', providing opportunities for mortgage brokers due to an undersupply of housing and demographic changes. The Queensland Government and the Boating Industry Association (BIA) aim to boost employment in the marine sector, addressing critical skills shortages. Finally, BIA is teaming up with the Australian Fishing Trade Association to facilitate growth in the boating and fishing industries, focusing on safety, sustainability, and responsible practices.

In this episode of the Daily Financial Services News Wrap, warnings from the OECD regarding Australia's need for budget repair are discussed. The concern arises from a significant rise in welfare spending as business investment plummets, making Australia one of the least performing countries in terms of investment among developed nations. Gerard Minack echoes these sentiments, recommending tax and policy reforms. Changes in insurance costs, as a result of climate change, are highlighted with IAG noticing a surge in home insurance costs due to severe weather events. On the brighter side, Suncorp reports an 8% increase in full-year cash earnings and plans for a substantial share buyback program. The podcast emphasizes the importance of staying informed about government policies and economic indicators to ensure financial stability, alongside keeping an eye on changes to insurance premiums for best available coverage and cost efficiency.n

In this episode, Paige Estritori from Financial Services Online discusses top financial news from November 10, 2025. The Australian Government's $2B loan guarantee to ANZ Bank aims to ensure financial stability and combat China's Pacific influence. The bank will also invest an extra $50M to enhance its Pacific operations and digital banking services. The advisory firm, Teneo, expands in the Asia-Pacific market by acquiring PwC Australias business restructuring services unit. Indicators point to a dip in consumer confidence in the face of rising inflation expectations. Lastly, Vanguard introduces "MyInvestment", a tax-exempt investment model for young Australians, receiving positive public sentiment with 58% of young respondents expressing an interest in using the scheme to help save for a house deposit.n

In this daily Financial Services News Wrap, Paige Estritori discusses the latest updates from the Australian financial services industry. She covers the launch of a new liability insurance product by Sydney-based insurtech firm Upcover, designed for small-medium enterprises and sole traders. The insurance provides protection against various issues from employment disputes to financial crimes, with an affordable starting premium. The podcast also talks about the stability in professional indemnity insurance claims per APRA reports, despite a 6% drop in written premiums. A rising concern addressed is the increasing operational costs in the hospitality sector, with an 11% rise in insurance premiums over the previous year. Efforts from policy reforms and resources are being made to combat these challenges. Lastly, the Restaurant & Catering Association suggests surcharges as a key tool to offset costs for businesses, especially during peak hours.n

In the November 8th, 2025 edition of the Daily Financial Services News Wrap, Australian shipbuilder, Austal Limited, gains a $100 million loan from Export Finance Australia, paving the way for the company's expansion in the US. In maritime insurance news, newcomer Marinex Underwriting, supported by Amwins, enters the Australian market, offering a variety of services catered to the different needs of the marine industry. Meanwhile, economic turbulence sees Australian SMEs leaning on loan extensions to cope, with Banjo Loans extending their repayment terms from 36 to 60 months. However, a surge in loan applications and a worrying increase in insolvencies signals tough times for businesses, especially in the hospitality and construction sectors. Financial experts advise exploring sound financial management and professional guidance to weather these difficult times.n

In this episode of the Daily Financial Services News Wrap, host Paige Estritori discussed recent events in the Australian financial sector. Topics included the Australian Securities and Investments Commission's legal action against Money3 Loans for potential breaches of responsible lending obligations, contributing to continued consumer protection efforts. A rising trend in personal loans for home improvements in Australia was highlighted, with loan amounts increasing as homeowners choose to renovate amidst escalating housing costs. The podcast also covered Australia's significant investments in large-scale Battery Energy Storage Systems, leading the race in renewable energy in the Asia-Pacific region. Finally, it reported a major loan guarantee secured by ANZ Bank from the Australian government, aimed at enhancing the bank's Pacific operations for better regional stability and economic engagement. The podcast stresses practicing due diligence when dealing with finances and advises consulting financial advisors for personalized plans.

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

In this episode of our daily financial services news podcast, we discussed the industry buzz around Swedish firm EQT's $3.41 billion USD bid for AUB Group, marking a significant move in Australia's insurance market. The bid increased AUB's shares by 11% and could drive further M&A activities in the sector. The Insurance Code Governance Committee has also imposed a $30,000 fine on AIG Australia for failing to keep customers informed about delays in processing complaints. We dived into the Australias financial stability in light of the Reserve Bank of Australia's latest review, highlighting its resilience amidst global uncertainties despite risks of inflated asset valuations and escalating government debt. The RBA also announced further interest rate cuts taking the cash rate to 3.6%, making borrowing more affordable and hinting at the accessibility of credit. Yet, informed decisions are still crucial amidst global uncertainties.

In this episode, Paige Estritori presents an update from the financial sector. ANZ Group suspends its A$800 million share buyback to fund strategic restructuring, targeting pre-tax cost savings of A$800 million this year. However, the bank ensures continued payouts for shareholders. Meanwhile, despite global stresses, Australia's financial system remains resilient, according to the Financial Stability Review's October 2025 edition. Businesses have built buffers against economic disruptions, paving the way for strategic growth opportunities. Further, the recent NAB survey reveals consistent business conditions despite a minor employment drop but warns of potential economic challenges. Eternal retail sector fixture Peter Stevens Motorcycles is now under voluntary administration, signifying waning stability in the retail industry. The episode closes, highlighting the import of vigilance and agility in the current volatile business environment.

This episode of the Daily Financial Services News Wrap hosted by Paige Estritori focuses on recent industry developments. Macquarie Investment Management is streamlining their Wrap platform, reducing over 240 funds for an improved investment process. Gen Z's underrepresentation in financial advice is addressed, with high costs & industry bias acting as barriers. Industry change is needed, with strategies such as involving family members in financial planning and increasing transparency. Furthermore, financial platform Netwealth calls for government intervention following the collapse of the First Guardian Master Fund, underscoring the necessity for vigilance in financial industries. Lastly, a study from the Apt Wealth Partners reveals a gap in estate planning amongst Australian retirees, emphasizing the need for beneficiary education and professional guidance.

This episode of the Daily Financial Services News Wrap discusses key updates in the Australian construction and transport industries. It reveals that due to increased competition between insurers, construction trade professionals are experiencing reduced insurance premium rates. However, the construction sector still battles with rising costs, up 30% since the COVID-19 outbreak, influenced by increased material prices and labor shortages. The second part covers the Australian transport sector, highlighting that the major service provider, Transtar Linehaul, has entered administration due to industry struggles, such as increasing fuel costs and regulatory changes. These challenges provide the opportunity for smaller firms to upgrade their fleet cost-effectively through auctions. The programme emphasizes the importance of resilience and risk management in these uncertain times.n

In this podcast, Paige Estritori discusses key updates in the Australian financial service industry. Rising uses of AI technology in insurance companies in Australia and New Zealand are improving operations as they become digital-first, data-driven organizations, enabling them to navigate market complexities. Meanwhile, impending regulations from the Australian Prudential Regulation Authority aim to enhance governance and operational risk management for insurers. The podcast also reviews the growing role of reinsurance as a financial safeguard for Australian insurers against escalating climate risks. Lastly, the Insurance Council of Australia has called for a reform in civil liability laws to curb high public liability insurance premiums. Visit financialservicesonline.com.au for more information.

In this episode of the Daily Financial Services News Wrap, we discuss significant happenings in the Australian financial sector. The Australian Financial Complaints Authority ruled in favor of a restaurant in an arson claim dispute with QBE Insurance, despite non-disclosure of the director's criminal history. In insurance news, Insurance Australia Group (IAG) witnessed a 91% surge in net profit but warned of incremental hikes in insurance premiums due to climate-related risks. The non-banking sector is seeing a shift with 47% of Australian SMEs relying on non-bank lenders, despite potential high interest rates and fees. Lastly, a survey from Commonwealth Bank revealed that 8 out of 10 SMEs report cash flow issues due to inflation and supply chain disruptions, with many resorting to personal savings for continuance. Proactive financial strategies are suggested for stability and growth.

On the Financial Services Online news wrap, critical financial updates include a landmark ruling by the Australian Financial Complaints Authority (AFCA) favouring a restaurant over QBE Insurance in an arson insurance dispute despite the director's failure to disclose a criminal history. Insurance Australia Group has posted a 91% profit increase but warns of rising premiums due to climate risks. Spotlight intensifies on Commonwealth Bank over its loan approval to a problem gambler, reflecting concerns over responsible lending. Meanwhile, non-bank lender Rate Money is to reduce interest rates on select products, benefiting self-employed Australians and small businesses. These stories underline the importance for proper disclosure in insurance policies, risk mitigation, and responsible lending in the financial services sector.n

In today's Daily Financial Services News Wrap, we delve into significant happenings in the Australian financial industry. The Australian Financial Complaints Authority sided with a restaurant owner in an arson claim dispute against QBE Insurance, stressing the importance of thorough information disclosure from policyholders to insurers. Meanwhile, Insurance Australia Group reported a whopping 91% net profit increase, though also signalled potential premium hikes due to climate-related risks. With the aim of promoting greener transport alternatives, the Australian government announced low-interest loans for buying electric vehicles. Mirroring this green trend, Bank Australia is ceasing to finance new petrol, diesel, and hybrid cars from February 2025, paving the way for a larger focus on EVs. Tune in for more insightful coverage and updates on financialservicesonline.com.au.

In this episode of Financial Services Online podcast, Paige Estritori discusses key updates on Australia's financial landscape. The highlights include a crucial ruling from AFCA that orders QBE Insurance to honour a restaurant's arson claim, despite initial nondisclosure of the director's criminal history. Next, Insurance Australia Group (IAG) announces a significant 91% upsurge in net profits, hinting at a gradual increase in insurance premiums. The Reserve Bank of Australia is vigilant on inflation trends and considering additional rate cuts. Lastly, the podcast discusses updates to the First Home Guarantee scheme, making it easier for first-time homebuyers to purchase homes with just a 5% deposit, yet possibly raising housing demand and prices due to increased buyer interest.n

In this episode of Financial Services Online's Daily News Wrap, we explore significant stories from the financial services industry. Life insurer, TAL, reports $4.7 billion in life insurance claims over the last year, with mental health claims at 21%, indicating the challenges in our society and the need for comprehensive coverage. The company is focusing on holistic support strategies through its Health for Life platform. Meanwhile, Encompass Protection was announced as the Best Income Protection Provider at the 2025 Money Magazine Life Insurance Awards. In the marine insurance sector, we discuss the Rhodian Group's new venture, Marinex Underwriting, and Network Marine Insurance's new partnership with the Marina Industries Association. These stories highlight the ongoing developments and importance of reliable insurance providers.