In this episode of Financial Services Online, the show covers important developments in the Australian financial sector. Notably, Vanguard Australia is reducing the management fee on its Australian Government Bond Index ETF, making investment more affordable. The Financial Services Council is advocating for simpler access to financial counseling by reducing compliance costs and complexities in the superannuation sector. The Australian insurance industry is seeing a surge in artificial intelligence adoption, primarily in customer relations and claims processing. Lastly, the Australian Prudential Regulation Authority has announced a year-long financial resilience assessment to future-proof the economy against potential shocks. Stay tuned for more extensive coverage of these stories.n
