In this episode, Paige Estritori discusses various developments in Australian financial services. Notably, UniSuper's significant $600 million investment into Macquarie Group's renewable energy fund shines a spotlight on environmental-friendly practices in investment. Meanwhile, life insurance coverage among working adults has dropped significantly over the past five years due to changes in legislation. Despite this, the industry seems poised for recovery as new businesses see consecutive growth. Another key issue is the predicted 16% rise in student loans under the Labor government, prompting calls for policy reform and consideration of free tertiary education. Lastly, ANZ's decision to phase out cheque books marks a significant move towards digital transformation in banking.
