In this episode of the daily Financial Services News Wrap, we discuss the booming Perth property market, with a forecasted 5% annual increase in house prices and a 6% rise projected for units. Attention turns towards the call for reform in superannuation, specifically for foreign workers from Pacific nations and Timor-Leste facing difficulties due to language and technology barriers. We delve into the shift in global banking scene, revealing 43% of the world's central banks intending to increase their gold holdings in light of economic uncertainties. Lastly, in the ACT Insurance Awards, EML Group's Canberra branch and notable individuals from Allianz Workers Compensation and Konekt receive recognition for exemplary performances in the insurance sector, promising to foster improvements in risk management and claims processing.
