In this episode of the Daily Financial Services News Wrap, we delve into updates from Australia's financial sector. HESTA Superannuation Fund has placed Mineral Resources Limited under scrutiny due to governance challenges and leadership changes. In the banking space, despite escalating living costs, reports from ANZ and Westpac demonstrate the robust management of mortgages by Australian homeowners. Transitioning to the insurance sector, the Australian Prudential Regulation Authority (APRA) is rethinking reinsurance solutions to bolster the affordability and accessibility of insurance. Amid fluctuating reinsurance standards influenced by factors like weather conditions and political instability, APRA is encouraging feedback on its reinsurance framework. Additionally, the latest Strive guide series from CGU provides essential trends and insights for insurance brokers. Stay informed with the evolving trends of superannuation, finance, and insurance at financialservicesonline.com.au.
