Financial Services News Wrap, hosted by Paige Estritori, is your definitive source for the latest and most significant news in the Australian Financial Services sector
We meticulously search for important news to bring you updates in insurance, mortgages and loans, superannuation, and money management, including budgeting and financial planning
With a keen focus on the developments from the past week, our podcast selects news items that resonate most with Australian business and personal consumers
After conducting in-depth research, we craft original articles on each chosen news story, summarizing the crucial information into a concise, engaging podcast
Whether you are a professional navigating the financial services industry or a personal consumer seeking to stay informed, Financial Services News Wrap offers the insights you need to stay ahead in the fast-moving world of finance.
Welcome to Our News Podcasts! Dive into the latest episode from any of our 5 podcasts ... or explore our archive for topics that interest you.
In this Daily Financial Services News Wrap, Paige Estritori discusses the surge in insurance complaints in Australia, largely due to processing delays across sectors including home-building and vehicle insurance
Factors behind these delays include material and labour shortages, cost increases, and issues with electric vehicles
South-West Queensland councils propose a community insurance mutual as a response to rising premiums
In the insurtech world, digital strata insurance solution CohabitInsurance aims to streamline and enhance transparency in the strata insurance process
The episode concludes with a discussion on the need to modernize legacy systems and strengthen cyber infrastructures in response to rising cyber threats and AI-related risks, as per a recent PwC survey.
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| How Credit Card Balance Transfers Can Damage Your Credit Rating Since the banks and finance providers have been castigated for the way they seemingly indiscriminately awarded credit to people who could ill afford it, the chances of being accepted for loans and credit cards have decreased. Concurrently, there is a greater focus on individual's being aware of how credit works and what their financial behaviors means in terms of a credit score and history. - read more
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| Credit Card Secret Guarantee Most people use credit cards in some form or another but few truly appreciate one of the special features of credit cards that make using their credit card to insure their purchases. - read more
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| 5 Credit Killers A good credit score speaks volumes about your financial habits. It's the evidence most creditors need to evaluate your credit worthiness. - read more
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| 7 things you need to know about a Hire Purchase loan There are seven things you should know before you ever think of getting a Hire Purchase loan. Knowing these things will give you control and power in the loan process. Power and control will will save you money - read more
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| How to Prepare for a Smooth Refinance Experience Mortgage refinancing refers to the process of replacing your existing home loan with a new one, typically under different terms. Essentially, you're paying off your old mortgage with a new loan. This can be an extremely useful financial maneuver, allowing homeowners to benefit from better interest rates or change their loan type to suit their current needs. - read more
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| Choosing the Right Lender: Maximising Your Benefits in Mortgage Refinancing Mortgage refinancing involves replacing your current home loan with a new one, often to benefit from better terms. This financial maneuver is commonly pursued to seize lower interest rates, reduce monthly payments, or alter the loan term. It can also provide cash by tapping into the equity you've built up in your home. - read more
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| The Hidden Perks of Refinancing: More Than Just Lower Interest Rates In the realm of homeownership, mortgage refinancing stands out as a valuable tool for financial management. At its core, refinancing refers to the process of revising and replacing the terms of your existing mortgage agreement. Homeowners choose this path for various reasons, such as accessing a better interest rate, altering the loan term, or tapping into home equity. - read more
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| Is It Time to Refinance? Signs That You Should Consider Mortgage Options Mortgage refinancing involves replacing your existing home loan with a new one, usually to take advantage of better interest rates or terms. By switching lenders or renegotiating with your current lender, refinancing can lead to lower monthly payments, reduced loan terms, or access to equity for other expenses. - read more
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