Financial Services News Wrap

In today's episode of the Daily Financial Services News Wrap, host Paige Estritori discusses major updates in the financial sector and tech industry. Microsoft faces backlash following a significant security breach in its SharePoint software, primarily impacting the 2016 version. Microsoft encourages clients to apply security patches while they address the issue. Betashares sets financial records...

The July 22nd edition of the Daily Financial Services News Wrap seeks to enlighten listeners on Australia's stability amidst global market uncertainties, making it a 'safe haven' for investors. The podcast also explores the resilience of superannuation funds in volatile markets. Special emphasis has been put on the performance of specific funds and attention drawn to the need for continual portfol...

In this episode of Financial Services Online's news wrap, Paige Estritori discusses global trade tensions, highlighting potential risks highlighted by Schroders due to stable inflation, yield curve in the U.S., Australia's surprising monetary policy, and overvalued areas such as Your Future Your Super regime, passive investing and Index valuations. However, opportunities in undervalued areas like...

In this episode, Paige Estritori discusses potential market instability highlighted by Schroders due to trade tensions and policy surprises from the Reserve Bank. As the August reporting season approaches, strategies targeting undervalued sectors such as energy and materials are suggested. AustralianSuper faces criticism for investing in coal despite an initial pledge for net zero emissions, while...

In this episode of Financial Services Online's Daily News Wrap, we discuss the Super Members Council's proposal for digital innovation to reduce delayed death benefit processing and improve public trust. The proposal includes nationwide digital verification and a unified cause of death data system. Penalties have been enforced on Sky Money Pty Ltd and Smart Financial Capital Pty Ltd by the Austral...

In this episode of the daily Financial Services News Wrap, we touch upon the recovery in the advising sector amidst industry volatility, with a surge of 120 new advisers this financial year. While firms like WT Financial and Count Financial prosper, others like MWL Group struggle. Next, the urgent need for superannuation reform is discussed, with unpaid superannuation bills at a shocking $5.7 bill...

In this episode, we discuss top financial stories including the Reserve Bank of Australia's proposal to ban card payment surcharges, potentially aligning Australia with global practices and saving billions for consumers, but possibly causing slightly higher inflation. We also delve into the importance of landlord-specific insurance, with data from QBE Insurance Group showing financial difficulties...

The Daily Financial Services News Wrap delves into current trends and issues in the Australian financial industry. The episode focuses on the importance of strategic growth areas for financial advisors: succession planning and diversification, underscoring the need for more robust succession planning among advice firms and the benefits of diversifying service offerings to meet clients' individual...

This episode of Financial Services Online with Paige Estritori covers key financial topics as of July 14, 2025. Firstly, it analyzes a recent trend within Australia's financial advisory sector, where despite a high pass rate in exams, over 33% of new advisors are choosing not to practice. Next, it delves into Australians' reliance on familial wealth, with a Finder survey revealing that 41% are cou...

This podcast episode from Financial Services Online, hosted by Paige Estritori, discusses current concerns and trends in the Australian financial landscape. Topics include the alarming trend of newly certified financial advisors opting out of practice, data from Finder that shows increasing Australian reliance on inheritances for financial security, and MUFG Pension partnering with Microsoft to im...

In this episode of the Daily Financial Services News Wrap, host Paige Estritori talks about a significant concern within the Australian financial advisory sector as over a third of certified financial advisors are choosing not to practice. The increasing reliance on familial wealth and expectations of inheritance among Australians are discussed, emphasizing the need for individual financial planni...

In this episode, Paige Estritori discusses key financial news. The number of certified financial advisers in Australia who choose not to practice is on the rise, potentially increasing workload for existing advisers and reducing consumer access to advice. Australians are leaning more on family wealth for financial security, although many recognize they may never receive an inheritance; listeners a...

In today's Daily Financial Services News Wrap, we cover some significant financial developments in Australia. James O'Reilly, from Northeast Wealth, advocates for finance advisers to get access to the Australian Taxation Office portal, currently accessible only by tax and BAS agents, with support from the industry despite cybersecurity and cost concerns. In superannuation news, Aware Super advises...

This episode of Financial Services Onlines Daily News Wrap highlights key updates from Australia's financial sector. It covers the merger of Coastal Advice Group and Calder Wealth Management, creating a financial services powerhouse handling $2.5bn in funds. The episode also discusses MUFG Retirement Solutions and Wrkr Ltd securing a significant contract with AustralianSuper to expand Payday Super...

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In today's Financial Services News Wrap, host Paige Estritori discusses hot topics in the Australian financial sector. First, a local Sydney business's insurance claim denial after event cancellation underscores the complexities of business interruption coverage. Australian financial advisors are grappling with tax implications of Division 296's proposal of a 15% tax on superannuation earnings exc...

This podcast, presented by Paige Estritori, covers important updates in Australia's financial services sector. Topics include the financial impact of a festival cancellation on a Sydney hospitality company due to asbestos contamination, and the complexity of filing insurance claims for such disruptions. The podcast also addresses the legislative uncertainty on a proposed 15% tax on superannuation...

In this financial news podcast, Paige Estritori discusses several pressing concerns. The main story focuses on a Sydney hospitality business whose insurance claim was dismissed due to a contamination exclusion policy after financial losses from a cancelled festival due to asbestos contamination. Then, we learn about the legislative uncertainty troubling advisors over a proposed 15% tax on superann...

In this episode, Paige Estritori discusses the latest in Australian financial services from e-commerce spending behaviour to developments in superannuation funds and insurance. Australia's online spending reaches $63 billion, driven mainly by sales in toys, games, and fashion, while superannuation funds are challenged to improve advisory services amidst increased governance demands. In internation...

In this episode of the Daily Financial Services News Wrap, financial expert Noah Capozza warns Australians to brace for a potential cost of living crisis despite slight dips in inflation rates. He advises the public to reevaluate financial strategies due to stagnant wages and skyrocketing housing costs. In superannuation news, a significant reform effective from July 1, expected to reduce the gend...

In this episode, the host Paige Estritori addresses the possible cost of living crisis in Australia and shares expert advice on diversifying financial strategies by investing in properties and shares. Additionally, the podcast discusses a landmark reform set to reduce Australia's superannuation gender gap by making superannuation payable on Commonwealth Paid Parental Leave. As there are regional d...

In this episode of Financial Services News Wrap, Paige Estritori discusses potential economic difficulties for Australians due to a cost of living crisis and stagnant wages despite a slight dip in inflation rates. Noah Capozza, a financial expert from Link Wealth Group, suggests diversifying investments into properties and shares as a strategic response. Significant steps are being taken to reduce...

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses key Australian financial developments. She highlights the resurgence of active investing and the role that global equities, private equity, and bonds play in diversifying portfolios. Estritori also notes the Australian Financial Complaints Authority's (AFCA) initiatives to clarify the classification of self-manage...

In this episode of the Daily Financial Services News Wrap, we discuss the shift in Australian investment strategies amidst economic instability, with a majority planning to increase their actively managed investments. Regulatory body, the Australian Financial Complaints Authority (AFCA), has been clarifying the classification criteria for self-managed super funds, establishing a need for advisers...

In this Daily Financial Services News Wrap, we discuss key industry shifts. The 2025 Global Investor Insights Survey by Schroders showed a growing preference for active investment strategies, with 80% of global investors intending to increase their actively managed investments. The Australian Financial Complaints Authority (AFCA) aims to clarify classifications of self-managed super funds (SMSFs)....