In this episode of the Daily Financial Services News Wrap, we examine Vanguard's proposal for strategic changes in Australia's financial landscape that could stimulate significant investments and address Australians' limited confidence in financial services. Vanguard suggests tactics like injecting financial advice into products and robust digital platforms. We also discuss Cbus's utilization of digital innovations in a bid to improve their customer service and operational failures on death benefit and TPD claims management. The necessity of extending the ATO's Vulnerability Framework to cover Self-managed Superannuation Fund trustees is pointed out by Chartered Accountants ANZ. Lastly, we delve into ASIC's investigation into about 100 debt management and credit repair firms over potential exploitations. Stay tuned for valuable financial advice and the latest happenings in the industry.n
