In this episode of Financial Services Online, Paige Estritori discusses major topics in the Australian financial sector. The Commonwealth Bank and Westpac executives are set to testify in a parliamentary inquiry on banking transparency and handling of financial scams, with Australians losing $2.7 billion in 2023. A positive report from the Australian Prudential Regulation Authority indicates a recovery in the insurance industry. However, issues regarding unpaid superannuation affecting 2.8 million Australians, particularly vulnerable groups, is a growing concern. Inflation has eased to 3.5% due to the government's energy bill relief, while anticipation builds for the Reserve Bank's rate decision on September 24. Stay informed with more details at financialservicesonline.com.au.
