Financial Services News Wrap

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses significant industry updates in Australian financial services. In the financial advice sector, median advice fees have seen an 18% surge due to increased service complexity and compliance costs. The superannuation sector sees innovation from AMP in collaboration with fintech Citro, introducing a cashback reward pr...

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses key updates in the Australian financial sector. Topics include a 67% rise in median advice fees over the past five years, indicating a shift towards premium advisory services and catering to higher value clients. The episode also explores a collaboration between AMP and fintech firm Citro to boost Australians' ret...

On August 15, 2025, Financial Services Online reported on the growth of the private credit market in Australia, emphasizing the importance of due diligence by investors. Meanwhile, Australian government advances in superannuation focussed on guiding improvements in retirement income solutions, alongside building a robust reporting framework, given the expected increase in retirees. The Reserve Ban...

On this episode of Financial Services Online news wrap, we delve into the ongoing challenges posed by the Delivering Better Financial Outcomes legislation and its impact on fee consent requirements for financial advisers. We also discuss a new report shedding light on the crucial role of Australia's superannuation system in boosting economic productivity, amid calls for sector-based investments. W...

In this episode of Financial Services Online's daily news wrap, financial expert Charlie Viola highlights the potential in servicing the overlooked mass affluent market in the Australian financial industry, and the need for clearer fee structures and advisor qualifications associated with the government's reforms. Responding to recent superannuation cyberattacks, the Australian Prudential Regulati...

In this episode of Daily Financial Services News Wrap, Betashares steps into the private assets sector with the launch of Betashares Private Capital, aiming to provide high-quality global investments. They plan to collaborate with Cliffwater to offer an AUD-hedged unlisted fund. The Financial Advice Association of Australia is addressing the need for specialized advisors, expanding its specialisat...

In this podcast, Paige Estritori of Financial Services Online discusses Australian financial news. A UBS Global report placed Australia second worldwide in terms of median wealth, but also raised concerns about economic inequality. The Australian financial services sector is expected to lead national productivity, with potential changes to regulatory frameworks for superannuation funds to address...

This episode of Financial Services Online Daily News Wrap discusses financial trends in Australia, including details from the UBS Global Wealth Report which ranks Australia as the world's second wealthiest nation in terms of median net worth. However, the numbers also highlight growing wealth inequality. Economic growth, affordability, and investment are likely to become key topics in future discu...

In this episode, Paige Estritori discusses key Australian financial news. The UBS Global Wealth Report shows Australia ranking second in global median wealth, yet economic disparities and wealth distribution issues prove challenging. Experts predict robust debates on affordable housing, inflation, and wage growth. Assistant Treasurer Daniel Mulino highlights the Australian financial sector's role...

In this episode of the Daily Financial Services News Wrap, fintech leader, Iress, unveils an innovative market intelligence platform, FundsFlow. With its wide-ranging view of investment flows and trends, FundsFlow represents an exciting development in the industry. Pending legislative Division 296 reforms are set to impact superannuation funds, highlighting the need for greater transparency and co...

In this episode of the Daily Financial Services News Wrap, we discuss major developments in Australia's financial sector, including a challenge to the dominance of the Association of Superannuation Funds of Australia by the Financial Services Council, which has recruited key industry talents to the newly launched Superannuation Practitioners Group. We cover the growth of the property market, invig...

In this podcast, Paige Estritori discusses the increasing struggles for young Australians to save due to high living costs; half of Australia's population is living paycheck to paycheck and 43% of the young demographic has less than $1k in savings. It also covers the potential merge between TelstraSuper and Aware Super, which could strengthen their market position despite presenting challenges lik...

This podcast highlights key financial issues in Australia including statistics from the Council of Australian Life Insurers, revealing a lack of young Australians accessing formal financial guidance. This gap threatens financial stability and requires immediate government action. HESTA has indicated promising future for women with regards to superannuation, as savings for retiring women could incr...

In this financial news update, uncertainty looms over Australia's financial advisory sector with significant annual decreases in total advisors. This affects not only competition for talent but also limits client access to expertise, particularly at smaller firms. Wilson Asset Management proposes a Progressive Super Surcharge and Tax Offset with progressive tax rates, offering a potential $2.433 b...

In this podcast, Paige Estritori discusses the key financial news. There's been a worrying decline in financial adviser numbers in Australia, impacting client access to guidance, and increasing competition for talent among firms. The financial advisory industry is facing transformation hence, talent retention crucial than ever. The episode also discusses the Progressive Super Surcharge and Tax Off...

This episode of the Financial Services Online podcast discusses developments in the Australian financial services sector. Firstly, it discusses a recent dip in financial adviser numbers from the expected 15,500 by 2025, thereby affecting smaller firms and client access to financial guidance. It then covers Wilson Asset Management's proposed a new plan for superannuation tax, dubbed the Progressive...

In this episode of Financial Services Online, host Paige Estritori highlights strategic financial habits that could save Australians roughly $12,000 each year, including tackling 'loyalty tax', comparing bank rates, consolidating loans, and more. Also discussed is the prospective merger between Telstra Super and Aware Super, a move expected to manage $228 billion assets and serve 1.3 million membe...

This podcast by Paige Estritori for Financial Services Online provides updates on Australia's financial sector. Highlights include Fitzpatricks Financial Group's introduction of a new business planning service and leadership changes; the association of superannuation funds' (ASFA) work with the government for adjustments to performance test regulations, aiming to align them with investments in inf...

This episode of Financial Services Online with Paige Estritori highlights several key developments in the financial services industry on July 30, 2025. The University of New South Wales has sparked debate with a new course exploring AI's role in creative arts, amid concerns over ethics, sustainability, and traditional values. On the tech front, DASH continues to pioneer with enhanced features foll...

In this podcast, Paige Estritori discusses significant updates in Australia's financial sector. Vanguard's research indicates a potential financial evolution with $185 billion potentially moving into capital markets from household savings. Australia's low trust in financial services could be remedied through integrating advice into products and utilizing digital platforms. The podcast also covers...

In this episode of the Daily Financial Services News Wrap, we examine Vanguard's proposal for strategic changes in Australia's financial landscape that could stimulate significant investments and address Australians' limited confidence in financial services. Vanguard suggests tactics like injecting financial advice into products and robust digital platforms. We also discuss Cbus's utilization of d...

In this episode of Financial Services Online's daily news wrap, Paige Estritori discusses major developments in Australia's financial sector for July 27, 2025. She covers Vanguards research indicating 23% of Australian household financial assets are tied up in low-yield cash and deposits, and suggests reforms to redirect these savings into capital markets. The episode also examines operational fai...

In this episode of Financial Services Online's Daily News Wrap, we discuss key financial sector updates in Australia. Vanguard's new report proposes significant changes to potentially inject billions into Australia's market. However, they note the challenge of a perceived lack of trust in the industry. Cbus CEO Kristian Fok addresses operational failures at the superannuation fund and highlights t...

In this episode, we explore promising prospects in Australia's financial landscape, integrating financial advice, auto-enrollment in savings, tax incentives for savers, and default investment schemes could potentially inject $185 billion into capital markets. We address the trust issue in the financial services industry and the need for improved regulatory frameworks. We discuss the operational ch...

In this episode, Paige Estritori updates listeners on major events influencing Australia's financial sector. Top stories include Netwealth's strategic move to attract high-net-worth investors with a discrete platform launching in late 2025, aimed at providing tailored investment strategies and exciting branding opportunities. There's also a landmark collaboration between Insignia Financial's MLC,...