1. QBE Insurance, Australia’s second largest global insurer, is treading carefully to avoid a similar scandal as AMP Capital. Chief Executive Pat Regan has exited the company following a complaint from a female employee, with the company citing that he “did not meet the standards set out in the group code of ethics and conduct.”
2. The Financial Consciousness Index (FCI), commissioned by comparethemarket.com.au, measures the financial wellness of Australians, which is the degree to which people feel they can meet expenses, have money left over to save and feel financially secure. The FCI released a report on Tuesday that found 37% of arts, recreation, food, accommodation and retail workers & 29% of workers in the financial, insurance, mining, professional, scientific and technical industries were struggling to pay their bills.
3. Mona Vale Surf Life Saving Club have elected their first ever female club president, Paula Tocquer. The club is preparing for their 100-year anniversary celebrations.
4. Buy now, pay later stocks plummeted yesterday after global payments giant PayPal revealed their launch of a competing product in the US, called ‘Pay in 4’. Afterpay (the stock market sweetheart) fell 8%, Zip Co dropped 12.7% and Sezzle fell 14.7%.
5. Research by the Macquarie University Business School explores “feminist ethics and women leaders”, problematising the way female leadership has been compared to male leadership rather than viewed on its own terms. New Zealand Prime Minister Jacinda Ardern is the main subject of research.
