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 are warned against relying on unpredictable asset distribution for their financial security. MUFG Pension and Microsoft are embarking on a five-year partnership to improve superannuation services via artificial intelligence, which could lead to more efficient processes and better member engagement. Lastly, Melbourne's housing market currently presents enticing opportunities thanks to stable interest rates, and more such opportunities may arise with expected future rate cuts.
