On this episode of the Daily Financial Services News Wrap, we discuss the impact of the escalating US-China trade war on global markets, specifically resulting in a $50 billion drop in the Australian Stock Exchange. We highlight the need to diversify investment portfolios as advised by deVere Group CEO, Nigel Green. Additionally, we cover lobbying efforts by the Super Members Council to include unpaid superannuation guarantee contributions in Australia's Fair Entitlements Guarantee scheme. In regulatory news, the Australian Securities and Investments Commission has secured the appointment of liquidators to manage the First Guardian Master Fund following concerns over management practices. Finally, we discuss Suncorp's job restructuring plans in its motor claims assessing team to boost efficiency, despite job security concerns raised by the Finance Sector Union.n
