Financial Services News Wrap

In this podcast, Paige Estritori covers notable updates in the Australian financial sector for May 31st, 2025. Highlights include the Labor government's plan to reduce student loan debts by 20%, intending to take effect in late July, alongside a lift of repayment threshold from $54,000 to $67,000. Troubles lie ahead for AMP Limited as they face a class action lawsuit for alleged overcharging of su...

In this Daily Financial Services News Wrap, we discuss a new ruling that requires Eric Insurance to refund a premium for a GAP policy wrongfully sold in 2012, spotlighting the necessity for transparent sales practices. We also highlight a Colonial First State survey revealing increasing financial stress among Australians due to rising living costs. We explore the challenges facing Gen Z and Millen...

In this episode, Paige Estritori from Financial Services Online covers several critical financial issues in Australia. Eric Insurance has been ordered by the Australian Financial Complaints Authority to rectify an unfairly sold GAP policy and will return the premium plus interest. A recent study from Colonial First State indicates an alarming 20% of Australians live paycheck to paycheck, with lack...

This episode of the Financial Services Online News Wrap, hosted by Paige Estritori, covers important developments in the financial sector. Key topics include streamlined regulatory processes in the superannuation sector, focusing on the importance of simplification to integrate the financial accountability regime into day-to-day practices. The podcast also discusses the revitalization of financial...

In this episode, Paige Estritori discusses major happenings in Australia's financial services sector. Firstly, key superannuation funds are partnering with regulators to simplify compliance procedures, align businesses with the new Financial Accountability Regime (FAR), and improve financial stability. In a separate topic, the financial advising sector appears to be recovering, with advisors' comm...

In this episode of Daily Financial Services News Wrap, host Paige Estritori discusses major happenings in the world of finance and economy. Australia's fund manager, Rest, welcomes Michael Clancy as its new Chief Investment Officer, aiming to leverage his experience to boost investment growth. The Australian wealth management industry is in need of urgent transformations, with experts pushing for...

On this episode of Financial Services Online, we discuss key changes in Australia's financial sector. Rest Superannuation welcomes former Qantas Super CEO, Michael Clancy, as Chief Investment Officer, aiming to expand its strategic vision with his leadership. Bell Financial Group's Arnie Selvarajah urges the transformation of Australia's pension-dependent wealth management system, using technology...

In the latest Daily Financial Services News Wrap, we discuss the important leadership transition in Rest Superannuation with the appointment of Michael Clancy as the new Chief Investment Officer. We also delve into the pressing issue faced by the wealth management sector due to the increasing pressure on the Australian pension system, emphasized by Arnie Selvarajah of Bell Financial Group. In regu...

In this episode of Australia's Daily Financial Services News Wrap, we cover top stories in finance, superannuation, and insurance. Key highlights include the shock falls for Kogan's shares due to significant tech problems with their recently acquired company, Mighty Ape, leading to a record 63.7% drop in adjusted earnings. In financial policy news, the government's decision to cap superannuation t...

On this episode, Paige Estritori delivers a comprehensive daily financial news wrap for Australia. The episode covers Kogans tech challenges and financial setbacks with its newly acquired business, Mighty Ape, though a rise in active users suggests a hopeful future. The Australian government's cap on tax concessions and taxation on unrealised capital gains is promoting a shift towards Exchange Tra...

In this episode of the Daily Financial Services News Wrap, Paige Estritori discusses the latest investment trends, political influences on finance, global market speculations and important insurance legal cases. A notable surge in the investment world shows a substantial shift to hedged international equity ETFs due to global volatility and currency fluctuations. AustralianPolitics, especially aft...

On this episode of the Daily Financial Services News Wrap, Paige Estritori discusses a major shift towards investment in hedged international equity Exchange Traded Funds (ETFs), stimulated by market volatility and geopolitical uncertainties. A trend symbolised by a 162% rise in global equity ETF inflows, outstripping gains in Australian equity ETFs. She then dives into the repercussions of the re...

This Daily Financial Services News Wrap hosted by Paige Estritori discusses recent economic indicators in Australia and their potential impact on various sector. First, the report touches on a historically significant 8% drop in Australia's real per capita household disposable income since mid-2022, potentially affecting household spending and business demand. Next, contrasting developments in the...

In this podcast, Paige Estritori covers major financial developments as of May 18, 2025. Australia sees an 8% decrease in real per capita household disposable income since 2022, signaling potential economic challenges. Recommendations include enhancing productivity and trade terms to counter downward trends. In contrast, Australia's housing market enjoys a boost, with the total value exceeding $11...

In this episode of the Daily Financial Services News Wrap, host Paige Estritori discusses major developments within Australia's economic landscape. Topics include a decline in Australia's real per capita household disposable income, resulting in economic challenges that could impact business demand and require strategic policy intervention. Despite this, the housing market has hit an all-time high...

In this episode, Paige Estritori of Financial Services Online reviews topics that influence the financial landscape in Australia and globally on May 16th, 2025. We discuss Australia's challenging economy with a focus on declining household income and the impact on spending, particularly in retail and services. The sharp increase in Australia's housing market value is also examined and we consider...

In this episode, Paige Estritori discusses recent developments in the Australian financial services sector. The Australian Securities Exchange recorded strong performances, largely due to the pause in US-China tariff hikes, benefiting sectors like energy, tech, travel, and consumer goods. Despite this surge, stocks in defensive sectors struggled. Additionally, the application of AI in the financia...

In this episode of the Daily Financial Services News Wrap, we discuss key updates in the financial markets. Global gold prices have stabilized due to increased demand amidst global trade wars, sparking predictions of future rises. In Australia, industry associations are requesting a delay in implementing the paycheck super regime due to readiness concerns. Meanwhile, Wall Street has witnessed a su...

This episode of Financial Services Online with Paige Estritori discusses the urgent need for financial reforms in Australia due to sharp increases in compensation and the imminent retirement of key figure Stephen Jones, among other concerns. There are calls for action to improve access to affordable financial advice that could significantly affect consumers and the superannuation sector. The Assoc...

In this episode, Financial Services Online explores calls for swift reforms in the Financial Advice sector, particularly in areas like superannuation. There's growing concern over elevated compensation levies and pending issues such as adviser classifications. The episode also uncovers that the levy on superannuation funds has risen by 147 percent in the last ten years, drawing concern from the As...

This podcast discusses a turbulent period in Australia's financial services sector, focusing on pressing reforms, potential consequences, and latest trends. It underscores increasing demands for swift finalisation of financial advice reforms and improved funding models, accompanied by governmental uncertainty around the Compensation Scheme of Last Resort (CSLR). An unresolved Quality of Advice Rev...

This podcast, presented by Paige Estritori for Financial Services Online, dives into critical issues in Australia's financial industry. The main points include rising concerns in the financial advice sector over the unclear direction of the Labour government on the CSLR and retirement of Stephen Jones. With CSLR levies increasing sharply, a better funding model is required. A startling surge in AP...

In this podcast from Financial Services Online, Paige Estritori discusses urgent calls for significant reforms in Australia's financial advisory sector, touching on the pressure for government action concerning Compensation Scheme of Last Resort (CSLR) and Quality of Advice Review. The issue of escalating CSLR levies and superannuation management amidst Stephen Jones's impending retirement is top...

In this episode of the Financial Services Online daily wrap-up, host Paige Estritori discusses ongoing financial advice reforms in Australia, focusing on the Compensation Scheme of Last Resort (CSLR). As advisor classifications remain complex, principal stakeholders press for better funding models. The Association of Superannuation Funds of Australia reports a significant increase in the APRA levy...

In this episode of the Daily Financial Services News Wrap, host Paige Estritori discusses crucial financial advice reforms, increasing industry concerns, and calls for swift conclusion from stakeholders. Problems such as rising Compensation Scheme of Last Resort levies and Quality of Advice Review aspects remain unresolved. In the superannuation sector, the surge in APRA levy over the past decade...