In this episode, Paige Estritori presents key Australian financial updates. First, 75% of Australian investors are boosting allocations in unconventional private credit markets, beyond the 66% global average. These span from NAV lending to asset-backed securities and provide steady income channels. Superannuation insurance is under threat due to affordability and policy changes limiting default offerings. ASIC and APRA aim to improve member experience amidst this turbulence. With persistent unemployment rates at 4.1% and a recent loss of 52,800 jobs, a rate cut is speculated to stimulate economic activity. Lastly, QBE Insurance is ruled in favor by AFCA after a collision with an uninsured driver. However, QBE is directed to pay for initially misleading the driver about post-accident financial obligations. Listen in for detailed insights into insurance, finance, superannuation, and money management.n
