In this episode of the Daily Financial Services News Wrap, Paige Estritori explores the financial challenges SMEs face as the superannuation guarantee is set to increase from 11% to 12% by 2025. Disappointment arises over the Albanese government's budget, deemed unhelpful to first-time home buyers despite the proposed 'Homes for Australia Plan'. The Australian Senate, led by Greens Senator Mehreen Faruqi, is investigating the impact of climate risks on insurance costs, with a report due this November. Lastly, a significant development in employment and mental health is highlighted as an ex-caretaker receives $1.2 million for workplace-induced psychological trauma. Tune in for a succinct summary of the financial news impacting Australia.n
