On this episode of the Daily Financial Services News Wrap, Paige Estritori discusses Orbis Investments' strategic growth plans with the hiring of Werner du Preez. Werner, formerly of Allan Gray Australia, will leverage his 17 years of experience to enhance Orbis' retail strategy and product line. In regulatory news, ASIC boosts its scrutiny against rogue superannuation practices, teaming with Treasurer Jim Chalmers and Minister Stephen Jones to create safer investment conditions. Melbourne's housing scene shows house prices significantly outpacing unit costs, creating a critical need for alternative housing options. Lastly, the rising cost of life insurance, compounded by inflation and increased living expenses, leads Australians to reconsider their policies. David Sarkis from iExtend affirms their commitment to aid Australians in making informed life insurance decisions. Stay tuned for more financial updates and advice from Financial Services Online.n
