In this episode of Daily Financial Services News Wrap, we discuss the decisive move by Macquarie Asset Management to launch two active ETFs, challenging passive investment strategies. The superannuation industry witnesses a significant development with Cbus settling over 6000 delayed death and disability claims after ASIC scrutiny. Australia's labor market remains resilient with a steady 4.1% unemployment rate. The RBA anticipates natural labor market adjustments without significant job losses, despite a slowdown in workforce expansion. Lastly, we examine a case of financial misconduct in the UK, where Leigh Mackey, owner of Inspire Insurance Services, was heavily penalized for misuse of premium funds and deceptive regulatory submissions. n
